1st Edition
Rethinking Sustainable Development Economic Integration and Public Policy
This book demonstrates falsified economic performance of global economies when the environment is not recognised as a capital, and when the ecosystem is overlooked towards sustainable development.
Seck begins with an analysis of standard macroeconomic framework and policy practice. He argues, with reference to environmental accounting literature, that environmental capital must form an integral component of economic measurement. This paves the way for an alternative environmental-macroeconomics framework for policy analysis that promotes sustainable development. The book demonstrates how environmental capital can be measured with reference to select OECD countries and provides a methodology for analysing how macroeconomic goals are related to a steady-state economy. Seck then concludes with a summary of the conflict between current economic growth and ecosystem preservation, and outlines possible policy improvements and directions for research.
Rethinking Sustainable Development is an invaluable reference for policymakers as well as researchers and students of environmental economics, sustainable development, and macroeconomics.
1. The Standard Macroeconomic Framework and Economic Performance 2. Sustainable Development and implications on Economic Performance 3. The Case for an Environmental-Macroeconomics Framework 4. Measuring Environmental Capital and Evidence from select Organisation of Economic Cooperation and Development (OECD) Economies 5. Steady States of the Standard and Environmental-Macroeconomics Models 6. Macroeconomic Goals and Steady States, Short Run Policy Analysis – A Methodology 7. Sustainable Development and Public Policy – A Summary of the Research and Future Studies
Biography
Seck Tan is Associate Professor at the Singapore Institute of Technology. He researches on environmental economics with reference to valuation of environmental goods and services. Seck is an applied economist with broad research interests in policy analysis and recommendation towards sustainable development.
