Foundation of the Global Economic System according to Lester Brown

According to Lester Brown, the foundation of the global economic system is based on natural resources such as fisheries, forests, grasslands, and croplands. These resources provide the necessary inputs for various economic activities such as agriculture, forestry, fishing, and mining, which form the backbone of the global economy. The following are the reasons why these resources are considered the foundation of the global economic system.

Importance of Fisheries

Fisheries are an essential source of food and livelihood for millions of people around the world. The fishing industry generates billions of dollars in revenue and provides employment to millions of people globally. The industry also supports other sectors such as transportation, processing, and distribution, making it a critical component of the global economy.

Importance of Forests

Forests are a vital source of timber, paper, and other forest products. They also provide critical ecosystem services such as carbon sequestration, water regulation, and biodiversity conservation. The forest industry generates billions of dollars in revenue and provides employment to millions of people worldwide.

Importance of Grasslands

Grasslands are critical for livestock production, providing grazing land for millions of animals. The livestock industry generates billions of dollars in revenue and provides employment to millions of people globally. Grasslands also provide ecosystem services such as carbon sequestration, water regulation, and soil conservation.

Importance of Croplands

Croplands are a vital source of food and livelihood for billions of people worldwide. The agriculture industry generates trillions of dollars in revenue and provides employment to billions of people. The industry also supports other sectors such as transportation, processing, and distribution, making it a critical component of the global economy.

In conclusion, Lester Brown's view is that the global economic system is built on natural resources such as fisheries, forests, grasslands, and croplands. These resources provide the necessary inputs for various economic activities, making them the foundation of the global economic system.