1. The meaning of economic development -- 2. Economic activity and nature -- 3. Viewing the future -- 4. Inequality and policy choices for sustainable development -- 5. Weak versus strong sustainability -- 6. Measures and indicators of sustainability -- 7. Market failures and public policy interventions -- 8. Corporate strategies -- 9. Climate change as a special problem of sustainable development -- 10. Sustainability and the international political economy -- 11. Ethics and sustainable development -- 12. Toward sustainable development: reform or radical change? -- References -- About the authors -- Index.

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This book analyses the concept of sustainable development from the perspective of economics. The concept of sustainability has become an integral part of business strategies across the world. Regulations that govern business have changed in order to facilitate sustainable processes, as have consumer preferences in demanding more environmentally clean products. The perceived importance of being green, whether in company board rooms or in government policy-making circles, is not always backed up by an adequate understanding of the complexities of the concept, and their implications for decision-making. It is important to have an understanding of these complexities and the economic logic underlying both the necessity and the difficulty of moving to a world that can be sustained over time. At the core of the concept of sustainable development lies the inter-relationship between the activities of human societies and nature. An understanding of this inter-relationship goes beyond the domain of conventional economics, into more interfaced terrains of ecological economics and environmental science. This book attempts to sensitize the business practitioner and the public-policy planner, as well as students of business management and the social sciences, to the complexities of the concept of sustainable development in an easily comprehensible manner. Without an appreciation of the different aspects and dimensions of sustainability, policy and practice often tend to come up with mutually inconsistent strategies that do not add up to the dynamic goal of sustainable development for future residents of planet earth.

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