Problem
Reinforcement of inappropriate development by privileged classes
Other Names:
Disproportionately wealthy elites in developing countriesConspicuous consumption in developing countries
Nature:
Within developing countries the capital is usually held by a small privileged class which is uninterested in investing in ventures conducive to more appropriate forms of development of value to the poor majority. Such capital is rendered unavailable because it is lent to foreign investors, used in speculative ventures or to purchase more land or imported luxuries, or sent out of the country to secure foreign banks. Broader Problems:
Non-productive capitalist elitesDiscredited moneyed hereditary classUnethical practices relating to development Narrower Problems:
Elitist sportsUnsustainable consumption patterns Aggravates:
CorruptionMaldevelopmentExtravagant life styleInternational insecurityInsufficient financial resourcesDestruction inherent in developmentConstruction of inappropriate tourist resort complexesNatural resource depletion due to high-level consumption Strategies:
Integrating humanitarian issues and sustainable developmentEntrenching privilegesBeing conspicuousReinforcing development Subject(s):
Society → Class, caste, elitesAmenities → Consumption
Development → Development
Value Redistribution → Value redistribution
Related UN Sustainable Development Goals:
Problem Type:
F: Fuzzy exceptional problems Date of last update
04.10.2020 – 22:48 CEST