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.
• Applies rigorous economic analysis to the question of sustainable development • Examines the implications for sustainability of theories of economic growth, fiscal policy and open economy • Provides insights by injecting an economy-wide dimension into a largely microeconomic debate
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.