Economic Development And Environmental Sustainability New Policy Options

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Synopsis

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.

Book details

Series:
Initiative For Policy Dialogue Ser.
Author:
Ramón López, Michael A. Toman
ISBN:
9780191538223
Related ISBNs:
9780199298006, 9780199297993
Publisher:
Oxford University Press, Incorporated
Pages:
N/A
Reading age:
Not specified
Includes images:
No
Date of addition:
2022-09-30
Usage restrictions:
Copyright
Copyright date:
2006
Copyright by:
N/A 
Adult content:
No
Language:
English
Categories:
Nonfiction