The Economics of Sustainable Development

The Economics of Sustainable Development

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Recent theories of economic growth, fiscal policy and the open economy have important implications for qsustainable development.q Papers in this volume, derived from a Centre for Economic Policy Research joint conference with the OECD Development Centre, examine the implications of explicitly incorporating resource depletion, pollution abatement and sustainability into orthodox economic theory, while also injecting a macroeconomic debate on the environment.4 Definition and measurement Part I highlights the need for better measurement and definition. ... Maintenance costs, defined very broadly, are incurred in producing income, and if all required maintenance is undertaken, income will not fall through time. ... Scott reminds us that wars and civil unrest pose at least as severe a threat to economic development as do current environmental preoccupations.

Title:The Economics of Sustainable Development
Author:Ian Goldin, L. Alan Winters
Publisher:Cambridge University Press - 1995


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