Abstract
The election of Donald Trump and the Brexit referendum herald a shift towards a tighter definition of economic value, at the expense of the broader value concept of sustainable development; as well as a rise of protectionism, reversing a long-term trend of globalisation. However, the situation is complex, especially over the longer term in which mine project development and exploration operates. The minerals sector should proceed with caution. A greater focus on the local impacts of mining may be strategically beneficial, not only to mitigate against a potential protectionist future, but also because sustainable development has become more ‘localist’ via the concept of ‘social licence to operate’, whilst globalisation also seems to provoke increased ‘localist’ sentiments (known as ‘glocalism’). Localist strategies, therefore, seem a good hedge against multiple political futures. By contrast, moving away from sustainable development appears strategically riskier. Not only are ‘unsustainable’ activities, such as pollution and civil rights infringements harder to reverse, but a movement towards a more sustainable global economy may already be predetermined, even
if the journey there may seem oblique. It appears that the increased economic development that is coveted globally is intrinsically linked to a rise in environmental and social consciousness.
if the journey there may seem oblique. It appears that the increased economic development that is coveted globally is intrinsically linked to a rise in environmental and social consciousness.
Original language | English |
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Title of host publication | Tenth international mining geology conference 2017 |
Subtitle of host publication | 20-22 September 2017, Hobart, Australia |
Place of Publication | Melbourne |
Publisher | Australian Institute of Mining & Metallurgy (AusIMM) |
Pages | 239-255 |
Number of pages | 17 |
ISBN (Print) | 9781925100655 |
Publication status | Published - Sep 2017 |
Event | 10th Internaional Mining Geology Conference 2017 - Hobart, Australia Duration: 20 Sep 2017 → 22 Sep 2017 https://ausimm.com/product/tenth-international-mining-geology-conference-2017/ |
Conference
Conference | 10th Internaional Mining Geology Conference 2017 |
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Country/Territory | Australia |
City | Hobart |
Period | 20/09/17 → 22/09/17 |
Internet address |