Archived — Occasional Paper Number 16—Sustainable Development: Concepts, Measures, Market and Policy Failures at the Open Economy, Industry and Firm Levels, October 1997
Strategic Policy Sector
Economic Research and Policy Analysis Branch
Sustainable Development (SD) has become an important idea in developed and some developing countries. Though its definition remains elusive, it is widely perceived that: economic growth has been but does not necessarily have to be at the expense of the environment; reorientation of growth towards a more environmentally friendly path is needed so that future generations do not inherit a diminished physical environment; and diminished capacity for growth in the future is possible if current growth types are not reassessed.
Catalogue number: C21-23/16-1997
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