Sustainable Development – From Growth to Inclusive Green Growth: The Economics of Sustainable Development – World Bank

English: Sustainability chart

English: Sustainability chart (Photo credit: Wikipedia)

This is an excellent and highly recommended read published by the World Bank. Check it out!

via Sustainable Development – From Growth to Inclusive Green Growth: The Economics of Sustainable Development.

For me, the World Bank article was excellent in stating blue-sky vision but failed to address the contextual challenge effectively. Tradition economic and political factors effectively conspire against the vision namely:

Neglecting natural capital, like neglecting  human and physical capital, is bad economics and bad for growth.

Since 2008, World leaders have effectively ignored human capital, so green issues have been further subordinated. In many economies like Southern Europe, the UK and the US, human capital has suffered severely from excessive austerity.

Personally, I support sustainable development and this year have seen first hand in Malaysia, for example, the environmental consequences of a country ravaged by greed.

Any thoughts?

 

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