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With globalization fast becoming an irreversible process, it is necessary to pay increased attention to the implications for environmental sustainability. However, the so-called environmental Kuznets curve (EKC) argument implies that rapid economic growth in many developing countries should be environmentally unsustainable. Environmental Sustainability addresses this dichotomy and articulates a notion of consumption sustainability that is both universal and pertains to the indefinite future. Additionally, it emphasizes the importance of addressing a broad spectrum of sources of environmental degradation and relates this measure to an index of economic achievement more complete than per capita income. As well as the EKC, authors Jha and Murthy also critique the Environmental Sustainability Index (ESI) and empirically substantiate the proposition that a certain type of development in the presently high-income countries is primarily responsible for global environmental degradation. Several policy conclusions for global environmental management are also advanced. Throughout, Jha and Murthy comprehensively evaluate existing approaches to environmental sustainability and critically review empirical studies of environmental degradation, and economic development, making this an invaluable source of information for those concerned with environmental economics and political economy.
This book investigates the inherent conflict between rapid economic growth in developing nations and the requirements for long-term environmental sustainability. Authors K. v. Bhanu Murthy and Raghbendra Jha, both established scholars in economics, utilize empirical data to challenge the Environmental Kuznets Curve (EKC) hypothesis. They propose a new framework centered on consumption sustainability that accounts for global environmental degradation more accurately than traditional per capita income metrics.
What You Will Find
Experts recognize this work as a rigorous contribution to the field of environmental economics, particularly for its critique of standard growth indicators. Readers frequently note the academic density of the prose, which is intended for students and professionals in political economy and sustainable development.
Page Count:
0
Publication Date:
2006-01-01
Publisher:
Taylor & Francis Group
ISBN-10:
0203014391
ISBN-13:
9780203014394
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