Climate Change and the Limits to the Growth-Oriented Model of Development

Chiara Piovani and Minqi Li
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Chiara Piovani: Department of Economics, University of Denver, Denver, CO, USA
Minqi Li: Department of Economics, University of Utah, Salt Lake City, USA

Review of Radical Political Economics, 2013, vol. 45, issue 4, 449-455

Abstract: This paper discusses the interplay between the rise of China and India in the world economy and the global climate emergency. It considers alternative growth scenarios for China and India. The results show that, to meet their respective global climate obligations, both China and India need to accept much slower economic growth rates and possibly economic stagnation in the coming decades. This clearly indicates that both China and India need to revise their growth-oriented model of development. Only a new development strategy focused on social and environmental progress, rather than economic growth, can be compatible with climate stabilization.

Keywords: climate change; China; India; economic growth (search for similar items in EconPapers)
JEL-codes: O53 P30 Q54 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:45:y:2013:i:4:p:449-455

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