IDEAS home Printed from https://ideas.repec.org/a/pal/develp/v56y2013i2p208-217.html
   My bibliography  Save this article

Sustainable Development is the New Economic Paradigm

Author

Listed:
  • Tariq Banuri

Abstract

This article offers three reflections on the idea of a new economic paradigm. First, the new paradigm is neither new nor a paradigm; rather it is a quest for what in physics would be called a grand unification theory, namely, a framework that brings together existing frameworks (or paradigms). Second, the 2008 economic shocks are an almost exact replica of the 1970s, and the two together signal the Age of Limits, which is the true trigger of the search for a new paradigm. Third, the advent of the Age of Limits has led to two contrasting approaches, namely, the neo-liberal approach, which seeks to jettison social protections to save the existing economic system (and associated economic privileges), and sustainable development, which seeks to protect human welfare including by modifications in the economic and financial systems.

Suggested Citation

  • Tariq Banuri, 2013. "Sustainable Development is the New Economic Paradigm," Development, Palgrave Macmillan;Society for International Deveopment, vol. 56(2), pages 208-217, June.
  • Handle: RePEc:pal:develp:v:56:y:2013:i:2:p:208-217
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/development/journal/v56/n2/pdf/dev201338a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: http://www.palgrave-journals.com/development/journal/v56/n2/full/dev201338a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Asongu, Simplice & Nwachukwu, Jacinta, 2016. "Is the Threat of Foreign Aid Withdrawal an Effective Deterrent to Political Oppression? Evidence from 53 African Countries," MPRA Paper 74649, University Library of Munich, Germany.
    2. repec:bla:socsci:v:98:y:2017:i:1:p:282-298 is not listed on IDEAS
    3. Simplice Asongu & Mohamed Jellal, 2014. "Foreign aid, investment and fiscal policy behavior: theory and empirical evidence," Working Papers 14/030, African Governance and Development Institute..
    4. Simplice Asongu & Vanessa Tchamyou, 2015. "Foreign aid, education and lifelong learning in Africa," Working Papers 15/047, African Governance and Development Institute..
    5. Simplice A. Asongu & Jacinta C. Nwachukwu, 2017. "Foreign Aid and Inclusive Development: Updated Evidence from Africa, 2005–2012," Social Science Quarterly, Southwestern Social Science Association, vol. 98(1), pages 282-298, March.
    6. Simplice Asongu, 2016. "Reinventing Foreign Aid For Inclusive And Sustainable Development: Kuznets, Piketty And The Great Policy Reversal," Journal of Economic Surveys, Wiley Blackwell, vol. 30(4), pages 736-755, September.
    7. Asongu, Simplice & Nwachukwu, Jacinta, 2017. "Increasing foreign aid for inclusive human development in Africa," MPRA Paper 81193, University Library of Munich, Germany.
    8. Asongu, Simplice & Efobi, Uchenna & Beecroft, Ibukun, 2015. "FDI, Aid, Terrorism: Conditional Threshold Evidence from Developing Countries," EconStor Preprints 114569, ZBW - German National Library of Economics.
    9. Simplice A. Asongu & Jacinta C. Nwachukwu, 2016. "Foreign aid and governance in Africa," International Review of Applied Economics, Taylor & Francis Journals, vol. 30(1), pages 69-88, January.
    10. Asongu, Simplice A & Nwachukwu, Jacinta C., 2015. "Foreign aid instability and bundled governance dynamics in Africa," MPRA Paper 71783, University Library of Munich, Germany.
    11. Asongu Simplice, 2014. "The Evolving Debate on the Effect of Foreign Aid on Corruption and Institutions in Africa," Working Papers 14/009, African Governance and Development Institute..
    12. Simplice Asongu, 2014. "A brief clarification to the questionable economics of foreign aid for inclusive human development," Working Papers 14/028, African Governance and Development Institute..
    13. Asongu, Simplice, 2014. "Reinventing foreign aid for inclusive and sustainable development: a survey," MPRA Paper 65300, University Library of Munich, Germany.
    14. Simplice Asongu & Jacinta C. Nwachukwu, 2015. "Foreign aid volatility and lifelong learning: demand-side empirics to a textual literature," Working Papers 15/016, African Governance and Development Institute..
    15. Asongu, Simplice, 2014. "Taxation, foreign aid and political governance: figures to the facts of a celebrated literature," MPRA Paper 63792, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:develp:v:56:y:2013:i:2:p:208-217. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: http://www.palgrave-journals.com/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.