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Re-thinking economic progress

By Giles Atkinson

Abstract

Most national governments have pledged a commitment to sustainable development. The transformation of these pledges into policy is a formidable challenge. Of particular interest are proposals for the construction of green alternatives to Gross Domestic Product (GDP), which it is hoped will provide policy-makers with a consistent and summary signal of "true" trends in the economy both now and into the future. This paper reviews the green accounting debate over the past decade. the author argues that, while initial expectations have, at times, been overstated, there are encouraging signs for policy-makers attempting to make sense of their commitments to sustainable development. One such indication is the increasing emphasis on improved measures of saving, providing a better link between actions in the present and their implications for the future

Topics: GE Environmental Sciences, HB Economic Theory
Publisher: Economic and Financial Publishing Ltd in association with OXONIA (the Oxford Institute for Economic Policy)
Year: 2000
OAI identifier: oai:eprints.lse.ac.uk:18324
Provided by: LSE Research Online
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