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No One Said it was Going to be Easy! An Analysis of the Recommendations made by the 1992 World Development . . .

By G. Acharya, John Dixon, Gayatri Acharya, Gayatri Acharya, John and A Dixon


This paper begins with what the 1992 WDR said, what it suggested were the burning issues that countries had to address, what it offered as solutions or approaches, and what actually transpired in the last decade to address to the challenge of finding development paths that would bring economic bene fits with environmental improvements. Four issues are examined in some detail : the persistence of subsidies and or perverse incentives when efficiency gains are apparent; mainstreaming environment into development; the role and limitations of the process of privatization in improving economic efficiency while addressing equity and sustainability issues; and the institutional base needed to go beyond economic efficiency to sustainable development. II. What the WDR said in 1992 The main environmental challenges that the 1992 WDR identified were water and sanitation, energy and industrial growth, rural development and international environmental issues. The WDR made the case that the links between environment and development were based fundamentally on the use and management of natural resources and that the creation of environmental externalities was a hindrance (cost) in the process of economic development. 1992 was an opportune time to make these links apparent and to provide evidence to support these claims. The World Summit on Sustainable Development, held in Rio de Janeiro in 1992, resulted in a world commitment to managing the environment within the process of development -- not as an afterthough

Year: 2007
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