EconPapers    
Economics at your fingertips  
 

Another View of Development, Ecological Degradation, and North-South Trade

Mario Giampietro and Kozo Mayumi ()

Review of Social Economy, 1998, vol. 56, issue 1, 20-36

Abstract: Based on N. Georgescu-Roegen's bioeconomic paradigm, this paper reconsiders the neoclassical economic paradigm which endorses continuous global economic growth through stimulated trade. We suggest that, in view of sustainability, it is fundamental to acknowledge: (1) the importance of preserving the identity and integrity of economic systems in different regions of the world through enlarging as much as possible self-sufficiency and equity assessed at national and regional levels; and (2) the importance of including respect for biospheric equilibria as one criterion to be used to regulate world economic activity and trade. We examine differences and similarities of the past and present patterns of ecological degradation. We also present two types of efficiency to assess technological changes and the drive toward unsustainability. Then we discuss an entropy-based theory of North-South trade issues and three points for promotion of sustainability. Finally, we show that the true origin of currentecological crisis lies in a deep change in the perception of the relation between humans and nature that affects the mode of technological development of modern society.

Keywords: development; efficiency; Jevons's paradox; North-South trade; ecological degradation; bioeconomics (search for similar items in EconPapers)
Date: 1998
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/00346769800000002 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rsocec:v:56:y:1998:i:1:p:20-36

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RRSE20

DOI: 10.1080/00346769800000002

Access Statistics for this article

Review of Social Economy is currently edited by Wilfred Dolfsma and John Davis

More articles in Review of Social Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2021-06-07
Handle: RePEc:taf:rsocec:v:56:y:1998:i:1:p:20-36