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The challenges for environment and development economics

Published online by Cambridge University Press:  05 June 2014

Edward B. Barbier
Edward B. Barbier*
Affiliation:
Department of Economics & Finance, University of Wyoming, 1000 E University Ave, Laramie, WY 82071, USA. Email: [email protected]
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Extract

I consider that the field of environment and development economics (EDE) began with the publication of The Control of Resources by Partha Dasgupta (1982). Although he did not confine his focus to developing countries, Dasgupta (1982: 10) suggested that managing environmental resources was much broader than conventional resource stock depletion or pollution control:

To sum up: environmental discussions need to be conducted in the face of a clear recognition that, (a) these resource are often common property, (b) resolutions of environmental problems usually involve changes in the allocation of property rights, (c) resource use may well be irreversible (e.g. it may lead to their exhaustion when in fact this could have been avoided), (d) resource stocks often affect welfare directly, (e) the environmental impact of certain types of activity are cumulative and only become noticeable at some time in the future, and (f) the environmental impact of certain types of activity are uncertain. It is no wonder that environmental problems are formidable to analyse, let alone solve.

Type
Forum
Information
Environment and Development Economics , Volume 19 , Issue 3: Special Issue of Environment and Development Economics: Looking Back and Moving Forward , June 2014 , pp. 287 - 290
Copyright
Copyright © Cambridge University Press 2014 

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References

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