Economic Development and Environmental Sustainability

New Policy Options

Ramón López editor Michael A Toman editor

Format:Paperback

Publisher:Oxford University Press

Published:29th Jun '06

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Economic Development and Environmental Sustainability cover

Economic growth as we know it today cannot persist indefinitely if it entails continuous degradation of natural resources and the environment. While in a few countries around the world it appears that environmental degradation has been the result of rapid economic growth, in the vast majority of the developing countries the environment has been equally spoiled despite slow or even negative economic growth. This book provides new insights on the common roots of economic stagnation, poverty and environmental degradation which, unfortunately, generally reside in misguided government policies and priorities. By doing this, the volume seeks to provide a broader policy option framework than those found in conventional policy analyses, mainly dominated by the "Washington Consensus". It shows that a major omission of the conventional view is that governments tend to allocate government expenditures in a biased way favouring subsidies to the economic elites to the detriment of investments in public goods, including human capital, R&D, as well as the development of institutions (environmental and otherwise), which are vital for long run growth, poverty reduction and environmental sustainability.

`'This is an important collection of essays. They are of a consistently high standard and the authors in general are among the leading writers in this much neglected field.'' The late Professor David Pearce

ISBN: 9780199298006

Dimensions: 233mm x 156mm x 26mm

Weight: 744g

504 pages