International Journal of Social Science & Economic Research
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Title:
THE SYSTEM APPROACH TO RESOURCE SCARCITY: BRIDGING ECOLOGY, ECONOMY AND SOCIETY

Authors:
Laima Okuneviciute Neverauskiene , Irena Pranskeviciute

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Laima Okuneviciute Neverauskiene1 , Irena Pranskeviciute2
1. Chief Researcher, Professor, Lithuanian Social Research Centre, Vilnius Gediminas Technical University, Sauletekio al. 11, Vilnius, Lithuania.
2. PhD student in economics, Lithuanian Social Research Centre, A. Gostauto 9, Vilnius, Lithuania.

MLA 8
Neverauskiene, Laima Okuneviciute, and Irena Pranskeviciute. "THE SYSTEM APPROACH TO RESOURCE SCARCITY: BRIDGING ECOLOGY, ECONOMY AND SOCIETY." Int. j. of Social Science and Economic Research, vol. 4, no. 9, Sept. 2019, pp. 5896-5912, ijsser.org/more2019.php?id=452. Accessed Sept. 2019.
APA
Neverauskiene, L., & Pranskeviciute, I. (2019, September). THE SYSTEM APPROACH TO RESOURCE SCARCITY: BRIDGING ECOLOGY, ECONOMY AND SOCIETY. Int. j. of Social Science and Economic Research, 4(9), 5896-5912. Retrieved from ijsser.org/more2019.php?id=452
Chicago
Neverauskiene, Laima Okuneviciute, and Irena Pranskeviciute. "THE SYSTEM APPROACH TO RESOURCE SCARCITY: BRIDGING ECOLOGY, ECONOMY AND SOCIETY." Int. j. of Social Science and Economic Research 4, no. 9 (September 2019), 5896-5912. Accessed September, 2019. ijsser.org/more2019.php?id=452.

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Abstract:
Recent decades, the question of resource scarcity and its interrelations with demographic growth and impact to social and economic challenges, became part of global and national policy agendas. WEF, EC, World Bank, UNEP, OECD and global corporations join efforts to identify new models leading to paradigm shift in resource analysis and governance.
The traditional approach to resource through supply chain glasses, where resources exist only as part of the production process, had created a lot of damage to global ecological and social systems. During recent decades scientists and policy makers emphasize the need for a more integrative approach, unveiling interlinks, synergies and trade-offs between different resources, ant their interrelation with economic and social outcomes. The new models, such as Green Economy, Nexus or Doughnut create a shift in thinking about resource scarcity and fuels debates around sustainable economic growth strategies. The article presents main debates around novel approach to resource scarcity and provide comparative overview of the new systemic models of the resource analysis, heading toward sustainable economic growth strategies focusing to better balance of economic development, social inclusion and ecology