The basque ecological debt: global socioecological impacts of a small open economy
Arto Olaizola, Ignacio
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Globalisation of the world economy has increased the material and en-ergy flows around the planet raising the pressure over the environment. In this context, it becomes critical to better understand the links between current consumption and production patterns and associated socio-ecological impacts at multiple scales. *The energy and material consumption in the Basque Country illustrates the resource dependency and impact of northern open industrialised economies in the Global South, where, paradoxically, resource rich countries are facing serious difficulties to get out of poverty traps. *As the resource availability and waste absorption capacity of the planet are reaching its limits, it becomes more necessary to reduce the re-source consumption and pollution of developed countries so that the basic needs of all humans can be met, without dilapidating the environ-ment and hence the possibilities of future generations. *Rich countries should also reduce their resource dependency and en-sure that their consumption and production patterns fit to environmental and social standards, not only within their territory, but also abroad, where the commodity frontiers are expanding inexorably to access new resources.