Market Mechanism
Natural Capital
Physical Capital
Human Capital
Social Capital
Experiences with NSDS (National Sustainable Development Strategies) are mixed. Key to effective implementation is introduction of specific mechanisms and systems at the national level. Cities played an important role by introducing local agenda 21. Civil society and business are empowered to take their own initiatives. The above remain true, but new trends such as rapidly increasing middle class in Asia and continued vulnerability in most parts of Asia need to be taken into account. Relevant messages in this respect will be drawn from experiences from the Eastern Japan Triple Disaster in March 2011.
Disaster Management
If natural disaster is not avoidable, we need to establish the way to minimize the damage and way to be resilient. Asia is particularly vulnerable to natural disasters. According to UNISDR, from 2000-2009, almost 85% of global deaths from natural disasters occurred in this region.
Sustainable development can be disrupted by big natural disasters like the March 11 Great East Japan Earthquake
Why Resilience?
A resilient society has adaptive capacity and robustness Handle shocks while maintaining functionality Grow stronger over time. Extreme events can damage past achievements Delay progress on sustainable development. Greater emphasis in policy and research to resilience and vulnerability in sustainable development.
Sustainable Development Pathway Social, Economic, and Environmental Condition
Disruption from shock due to vulnerability
Time
Assistance from the international community including developing countries came and it showed reciprocity in the time of crisis. This reciprocity is the basis of international trust and can also serve as an important basis for sustainable development.
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Implications of Fukushima
Perception of risk: To what extent a risk associated with a particular technology should be compared with risks associated with other alternative technologies, Participation in decision making: who should be consulted, what would be the role of experts, and what would be the decision making process agreeable to all key stakeholders. Sound governance: Promotion and regulation of particular technologies should be separated to ensure proper check and balance.
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