The economic value of the Earth's resources
Economics is the driving force of today's widespread environmental destruction. Markets undervalue the earth's resources and compound their overuse. Since World War II the world has used resources voraciously. The situation can be described as the industrial countries overconsuming resources which are overextracted and exported by developing countries and traded at prices that are lower than the social costs. Resource-intensive patterns of growth and trade are inefficient for the world economy, and lead to tragic maldistribution of the Earth's riches. They should be replaced by knowledge-intensive patterns of growth. Information technology and the environmental agenda are the two most important trends in the world economy. Together they can lead to growth that is intrinsically compatible with the environment.
|Date of creation:||1995|
|Date of revision:|
|Publication status:||Published in Trends in Ecology and Evolution (TREE) No. 3.11(1996): pp. 135-140|
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Web page: http://mpra.ub.uni-muenchen.de
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"North-South Trade and the Dynamics of Renewable Resources,"
93-15, Columbia - Graduate School of Business.
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1993_03, Columbia University, Department of Economics.
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NBER Working Papers
4425, National Bureau of Economic Research, Inc.
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- Chichilnisky, Graciela, 1996. "Trade regimes and GATT: resource-intensive vs. knowledge intensive growth," MPRA Paper 8493, University Library of Munich, Germany.
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