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Running Head: ECONOMIC DECISIONS1Economic DecisionsNameInstitutionECONOMIC DECISIONS2Economic DecisionsIntroductionThe challenge in the contemporary world is to ensure development based onsustainability principles. Sustainable development is the mode which ensures growth while usingresources in a manner which ensures the future generation is protected. Thus, the currentdevelopments in the world install strategies which avoid the depletion of natural resources.Countries must enforce policies on dealing with poverty, inequality, food security,unemployment, justice, peace, and prosperity in a manner which secures the resources for currentand future generations. Such is the dilemma which Imagineland faces in changing the fortune oftheir economy towards a positive perspective by using the deposits of oil on their offshorecoastline.Issues Identification and ObjectivesImagineland is facing a threat of a declining GDP because of the over-reliance on fishingand tourism. Fishing is affected by the fact that other more prominent countries than them areover-harvesting fish in the open waters which is affecting the profitability of the industry.Additionally, the sector employs a large share of the population which is suffering from reducedrevenues. The population is less motivated to work and face imminent poverty.The tourism sector also faces reduced revenues because of a lack of innovation andreinvention. Reported figures in this sector indicate an imminen ...


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