Tag Archives: Resources

By Ricardo Morel Berendson

The mining boom in Peru during the 1990s attracted private investment that led to current economic growth. However, this did not translate into sustainable development of the mining activities. The government has been absent in remote mining areas and, thus, corporations have been targeted as being responsible for attending to local communities’ demands and providing assistance. As a result, mining companies developed only short-term and interest-driven ‘socially responsible’ plans to continue operating. Not surprisingly, social conflict has been especially prevalent in the field of extractive industries. A shift from an extractive model to a more inclusive, participatory one—where governments and private companies work together with local communities—could create a virtuous circle of sustainable social development.

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“When the last tree is cut down, the last fish eaten, and the last stream poisoned, you will realize that you cannot eat money,” Native American saying

“Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs,” Brundtland Report

It is undeniable that our current way of life is unsustainable; If every country consumed resources and created waste at the same per person rate as the United States, we would need three to five planets to survive. Part of the problem lies in the fact that economics—the major discipline advising global and national policy—has failed to include the environment in its calculations. To rectify this problem, different methods have been proposed, so as to make predictions and come up with better ways of managing the planet’s resources without compromising the future.

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