Green economy in the context of "Economic value"

Extractivism is the removal of natural resources particularly for export with minimal processing. This economic model is common throughout the Global South and the Arctic region, but also happens in some sacrifice zones in the Global North in European extractivism. The concept was coined in Portuguese as "extractivismo" in 1996 to describe the for-profit exploitation of forest resources in Brazil.

Many actors are involved in the process of extractivism. These mainly include transnational corporations (TNCs) as the main players, but are not limited to them, because they also include the government and some (chiefly economic) community members. Trends have demonstrated that countries do not often extract their own resources; extraction is often led from abroad. Extractivism is controversial because it exists at the intersection where economic growth and environmental protection meet. This intersection is known as the green economy. Extractivism has evolved in the wake of neo-liberal economic transitions to become a potential avenue for development to occur. This development occurs through stabilizing growth rates and increasing direct foreign investment.

Ecological economics, bioeconomics, ecolonomy, eco-economics, or ecol-econ is both a transdisciplinary and an interdisciplinary field of academic research addressing the interdependence and coevolution of human economies and natural ecosystems, both intertemporally and spatially. By treating the economy as a subsystem of Earth's larger ecosystem, and by emphasizing the preservation of natural capital, the field of ecological economics is differentiated from environmental economics, which is the mainstream economic analysis of the environment. One survey of German economists found that ecological and environmental economics are different schools of economic thought, with ecological economists emphasizing strong sustainability and rejecting the proposition that physical (human-made) capital can substitute for natural capital (see the section on weak versus strong sustainability below).

Ecological economics was founded in the 1980s as a modern discipline on the works of and interactions between various European and American academics (see the section on History and development below). The related field of green economics is in general a more politically applied form of the subject.