Investigating the impacts of the global crisis on sustainability aspects: social-economy-environment
This research is conducted to study the impact of recent global crises on the three pillars of sustainability, namely economic, social, and environmental aspects. Through a qualitative methodology, the study focuses on three main objectives; (i) identifying the global crises experienced in the last...
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| Format: | Thesis |
| Language: | English English |
| Published: |
2023
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| Online Access: | http://eprints.utem.edu.my/id/eprint/27379/1/Investigating%20the%20impacts%20of%20the%20global%20crisis%20on%20sustainability%20aspects%20-%20social-economy-environment.pdf http://eprints.utem.edu.my/id/eprint/27379/2/Investigating%20the%20impacts%20of%20the%20global%20crisis%20on%20sustainability%20aspects%20-%20social-economy-environment.pdf |
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| Summary: | This research is conducted to study the impact of recent global crises on the three pillars of sustainability, namely economic, social, and environmental aspects. Through a qualitative methodology, the study focuses on three main objectives; (i) identifying the global crises experienced in the last five years (2017-2022), (ii) analyzing the causes of these crises, and (iii) assessing their impact on sustainability aspects. The research solely relies on secondary sources, including past papers, research articles, and online resources, to gather relevant information, which is then analyzed theoretically. This study classifies the measure of the global impacts on the pillars of sustainability (Economy-Social-Environment) into three; (i) Level 1 as low impact, (ii) Level 2 as moderate impact, and (iii) Level 3 as strong impact. The key findings of the study reveal that global crises significantly affect all three aspects of sustainability. The research identifies three major crises that have impacted the world during the specified period: Covid-19 pandemic, Russia-Ukraine war, and an energy crisis. The causes of these crises are studied, with Covid-19 arising as a health crisis due to the unavailability of medicines and vaccines, the Russia-Ukraine war resulting from the invasion for resources, and the energy crisis emerging from increased demand after the pandemic and war, coupled with poor energy production. Furthermore, the research examines how these crises impact the economy, environment, and social life of individuals. The Covid-19 pandemic severely affected global economies, leading to lockdowns, business closures, unemployment, and declined incomes. However, it also brought about environmental improvements due to reduced industrial activity. The Russia-Ukraine war caused economic disruptions, scarcity of resources, increased food prices, and social upheaval. Additionally, it had adverse environmental impacts with increased pollution and damaged natural resources. The energy crisis led to energy scarcity, increased living costs, and heightened poverty, affecting both the economy and social well-being. Moreover, it resulted in greater reliance on fossil fuels, further contributing to environmental pollution. The research also revealed that recent global crises have substantial effects on sustainability, impacting up to Level 3 for all three pillars especially the Ukraine War. The findings provide valuable insights into the consequences of these crises, assisting in formulating strategies to enhance global resilience and sustainability. |
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