Revisiting the Power Triangle: A Note on Spillover Effects of Positive Power Externalities

The environment is not an entity external to socioeconomic activities; but it directly interacts with and suffers from their effects. Sustainable development policies are a hard task for every country and power externalities may arise at any time. The spillover effects of power externalities additionally show us society’s responsibility towards economic choices of consumption and production. The spillover effects can clarify the channels through which the power externalities affect the environment and society as well. The spillover effects of positive power externalities can introduce the economics of a new paradigm that can be seen as strategic tracks to ensure food safety and human security in terms of sustainable economic development.