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epilogue: the econoMic crisis<br />

feeding major rivers in china and other populous parts of asia). an<br />

economic and social system is subordinate, not super-ordinate, to<br />

the biosphere. in a world facing the exhaustion of its finite resources,<br />

environmental degradation on a hitherto unimagined scale and<br />

catastrophic humanity-induced climate change, the dominant model<br />

of economic growth (based on a presumption of limitless resources<br />

and measures of wealth/production/consumption that take no<br />

account of sustainability, environmental impacts or scarce resources)<br />

needs to be fundamentally refashioned. The refashioning will need to<br />

entail a sustainable model of economic growth and social<br />

advancement as well as associated changes to food production,<br />

manufacturing, energy generation, transportation and urban living. it<br />

will also require changes to the dominant business model and the<br />

education of management, which privilege “shareholder value” and<br />

short-term profits over the building of long-term wealth and a more<br />

collaborative and mutually beneficial engagement with workers and<br />

the community. The economic crisis has begun the process of<br />

questioning neo-liberal economics and current management and<br />

business models, and research and debate on the generation of<br />

alternative approaches that are based on a concept of sustainability<br />

are growing in fields as disparate as ergonomics and finance or<br />

management (see, for example, Khurana, 2007; Genaidy, sequeira,<br />

rinder, & a-rehim, 2009).<br />

although meeting the combination of environmental, climatic<br />

and economic/employment restructuring challenges will adversely<br />

affect some industries and activities – industries which will resist<br />

changes for this reason - it will also lead to new areas of growth and<br />

“green” jobs. a number of examples illustrate this.<br />

With regard to energy generation, a shift away from an<br />

overarching dependence on fossil fuels towards a greater use of<br />

renewal forms of energy (wind, wave or tidal, solar, thermal and,<br />

selectively, hydro) will create new jobs in manufacturing and<br />

operations. most of these renewable energy forms are more<br />

amenable, local/regional or even household applications, which<br />

increase flexibility and self-sufficiency in power generation and are<br />

at a scale that is more applicable to poor countries (especially if<br />

initial construction costs are subsidised by wealthier countries).<br />

Jobs associated with these changes can be used to both create<br />

meaningful employment opportunities and address health<br />

inequalities (pollin & Wicks-Lim, 2008). for example, youth in<br />

deprived urban or rural areas can be trained and employed in the<br />

installation and maintenance of solar panels for buildings and<br />

houses or in the installation and maintenance of water tanks and<br />

Enterprise making solar panels.<br />

renewable energy development. port of<br />

Genoa (italy).<br />

source: © ilo/M. crozet (2008)<br />

371

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