Sustainable economic development and the environment
Abstract
To maximize society's welfare, economists should be concerned with the efficient use of the stock of natural resources. The stock of natural resources is a gift of nature. The usefulness of this stock comes from its alternative uses, e.g. existence, exploitation and bequest. Therefore, the maintenance of this stock should be part and parcel of economic policymaking, particularly in less developed countries. Otherwise, the latter countries will face scarcity of wealth induced by decline of their environment.
Keywords
Citation
Salih, T.M. (2003), "Sustainable economic development and the environment", International Journal of Social Economics, Vol. 30 No. 1/2, pp. 153-162. https://doi.org/10.1108/03068290310453655
Publisher
:MCB UP Ltd
Copyright © 2003, MCB UP Limited