The Economics of Sustainable Development

Examines the implication for orthodox economic theory of explicitly considering resource depletion, pollution abatement and sustainability.

Ian Goldin (Edited by), L. Alan Winters (Edited by)

9780521469579, Cambridge University Press

Paperback, published 24 February 1995

336 pages, 31 b/w illus. 21 tables
22.7 x 15.2 x 1.8 cm, 0.458 kg

This book applies rigorous economic analysis to the question of sustainable development. It considers the inter-relationship between growth and sustainability showing that one does not necessarily exist to the detriment of the other. Sustainability may be measured and defined in national accounting terms and the contributors explore a potentially powerful theoretical definition. Case studies on Morocco and China examine some of the domestic policy requirements of sustainability, revealing the desirability of quite complex combinations of policies. International policy aspects of sustainability are considered, such as technology transfers and the establishment of workable agreements to reduce global pollution. The volume demonstrates the need to build the sustainability debate on sound economic foundations, and the ability of economists to provide such foundations.

List of figures
List of tables
Preface
Acknowledgements
List of conference participants
1. Economic policies for sustainable development Ian Goldin and L. Alan Winters
Part I. Growth and the Environment: 2. Pollution and growth: what do we know? Gene M. Grossman
Discussion Gilles Saint-Paul
3. Does sustainability require growth? Richard Baldwin
Part II. Sustainability: 4. What sustains economic development? Maurice Scott
Discussion Constantino Lluch
5. Optimal development and the idea of net national product Partha Dasgupta
Appendix
Discussion Philippe Aghion
6. Sustainable growth and the green golden rule Andrea Beltratti, Graciela Chichilnisky and Geoffrey Heal
Discussion Alistair Ulph
Part III. Domestic Policy: 7. Economic policies for sustainable resource use in Morocco Ian Goldin and David Roland-Holst
Appendix
Discussion Jaime de Melo
8. Energy pricing for sustainable development in China Rosemary Clarke and L. Alan Winters
Appendices
Discussion Athar Hussain
Part IV. International Policy Coordination: 9. Carbon abatement, transfers and energy efficiency Jean-Marc Burniaux, John P. Martin, Joaquim Oliveira-Martins and Dominique van der Mensbrugghe
Appendix
10. Policy coordination for sustainability: commitments, transfers, and linked negotiations Carlo Carraro and Domenico Siniscalco
Discussion Marcus Miller and Lei Zhang
11. Industrial competitiveness, environmental regulation and direct foreign investment Ravi Kanbur, Michael Keen and Sweder van Wijnbergen
Discussion Jean-Claude Berthélemy
Index.

Subject Areas: Sustainability [RNU], Development economics & emerging economies [KCM], Development studies [GTF]