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

Author

Listed:
  • Chiara Piovani

    (Department of Economics, University of Denver, Denver, CO, USA)

  • Minqi Li

    (Department of Economics, University of Utah, Salt Lake City, USA)

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.

Suggested Citation

  • Chiara Piovani & Minqi Li, 2013. "Climate Change and the Limits to the Growth-Oriented Model of Development," Review of Radical Political Economics, Union for Radical Political Economics, vol. 45(4), pages 449-455, December.
  • Handle: RePEc:sae:reorpe:v:45:y:2013:i:4:p:449-455
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    More about this item

    Keywords

    climate change; China; India; economic growth;
    All these keywords.

    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • P30 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - General
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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