Overview
This text is unusual in that it accounts for the welfare implications of both severe inequality and environmental degradation and developing a sustainable development indicator that incorporates changes over time in each of these dimensions. The model is applied to data from Brazil spanning the 1965 -1998 period. The book's findings cast significant doubt on the proposition that rapid economic growth in Brazil has resulted in comparable welfare gains. The evidence presented more generally illustrates the often unsustainable nature of rapid GDP growth phases, as well as the general unreliability of GDP growth as an indicator of well-being improvement. The specific policy implication is that Brazil should discontinue - or at least severely curtail - the regressive and resource intensive economic policies it has followed in recent decades in the interest of welfare improvement not only for the poorer groups in society, but for future generations of Brazilians as well.
Full Product Details
Author: Mariano Torras ,
Professor Steven Pressman
Publisher: Taylor & Francis Ltd
Imprint: Routledge
Edition: New edition
Weight: 0.540kg
ISBN: 9780754631538
ISBN 10: 0754631532
Pages: 208
Publication Date: 28 March 2003
Audience:
College/higher education
,
Professional and scholarly
,
Undergraduate
,
Postgraduate, Research & Scholarly
Format: Hardback
Publisher's Status: Active
Availability: In Print
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Reviews
'At last we have a solid empirical analysis that intertwines several strands of ecological economic theory. Long run resource availability is being exploited for short run economic gains, the poor are pawns in the process rather than beneficiaries, and our economic indicators are hiding the truth.' Richard B. Norgaard, Past President, International Society for Ecological Economics, University of California at Berkeley, USA '...Torras demonstrates that it is both possible and desirable to construct alternative measures of economic performance that are sensitive to natural-resource depletion and income distribution. This book should be required reading for economists and others concerned with sustainable human development.' James K. Boyce, University of Massachusetts, Amherst, USA 'This book serves a double purpose. It is an excellent textbook on the methods for greening National Income Accounting. At the same time, it contributes powerfully to the debate on the environmental unsustainability of economic growth in Brazil. It also takes into account social distribution issues so topical after the recent change in government.' Professor Joan Martinez-Alier, Universitat Autonoma, Spain
