ENCYCLOPEDIA

OF WORLD PROBLEMS

AND HUMAN POTENTIAL

World problems

Failure to take account of externalities of systems

Failure to take account of externalities of systems

Claim

An externality is a spillover of losses or benefits from one individual, process or system to another.

Counter-claim

The hidden flaw never remains hidden.

Broader

Inadequate economic policy-making

Quantitative understanding of responsibility

Inadequate environmental impact assessment

Imperfect accounting

Disregard of opportunity costs

Narrower

Lack of demolition planning

Inadequacy of scientific reasoning

Hidden environmental costs of economic production

Aggravates

Unsustainable economic development

Lack of incentive to care for community property

Inadequacy of economic accounting systems

Environmental hazards of industrialization

Unconstrained exploitation of natural resources

Inappropriate agricultural subsidies for chemicalized farming

Accountability based solely on profit

Undervaluation of nature in planning and decision making

Undervaluation of asset replacement costs

Ineffectual environmental policy

Aggravated by

Short-term planning of product life cycles

Public non-accountability in control of production processes

Undervaluation of natural capital

Reduced images of environmental protection

Exclusion of inconvenient policy factors

Disregard for intrinsic value of nature

Reduced by

Commercialization of nature

Related

Prohibitive cost of electricity

Outdated production line methods

Ineffectual environmental policy

Strategy

Reforming Gross Domestic Product

Expanding international information on cleaner production

Capturing environmental value

Researching economics of conservation

Using full cost accounting

Undervaluing environmental processes

Taking account of externalities of systems

Revealing hidden environmental costs of economic production

Providing environmental assistance to developing countries

Excluding inconvenient policy factors

Costing environmental damage

Concealing environmental costs of economic production

Value

Reference

Helleiner, Gerald K: Trade Policy, Industrialization and Development: new perspectives

Rifkin, Jeremy K: Biosphere Politics

SDG

Sustainable Development Goal #17: Partnerships to achieve the Goal

Metadata

Database

World problems

Type

(F) Fuzzy exceptional problems

Biological classification

N/A

Subject

Cybernetics » Systems

Societal problems » Failure

Content quality

Yet to rate

Language

English

1A4N

J1556

DOCID

12015560

D7NID

135390

Last update

May 20, 2022

Official link

https://encyclopedia.uia.org/problem/failure-take-account-externalities-systems