The last two centuries have witnessed more profound change for the human race than the previous hundred centuries combined. Population growth, economic growth, and climate change have all been unprecedented.
Economic growth, reflected in increases in national output per capita, makes possible an improved material standard of living and the alleviation of poverty. Sustainable development, popularly and concisely defined as ‘meeting the needs of the present generations without compromising the ability of future generations to meet their needs,' directly addresses the utilization of natural resources, the state of the environment, and intergenerational equity.
Fundamental questions addressed in this textbook include:
With a blend of formal models, empirical evidence, history and statistics, this text provides a coherent and comprehensive treatment of economic growth and sustainable development.
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