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Mohan Munasinghe - Environmental economics and sustainable development

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RECENT WORLD BANK ENVIRONMENT PAPERS No 1 Cleaver Munasinghe Dyson - photo 1
RECENT WORLD BANK ENVIRONMENT PAPERS
No. 1 Cleaver, Munasinghe, Dyson, Egli, Peuker, and Wenclius, editors, ConservationofWestandCentralAfricanRainforests/ConservationdelafortdenseenAfriquecentraleetdel'Ouest
No. 2 Pezzey, SustainableDevelopmentConcepts: AnEconomicAnalysis

title:Environmental Economics and Sustainable Development World Bank Environment Paper ; No. 3
author:Munasinghe, Mohan.
publisher:World Bank
isbn10 | asin:0821323520
print isbn13:9780821323526
ebook isbn13:9780585228853
language:English
subjectEnvironmental economics, Economic development--Environmental aspects.
publication date:1993
lcc:HC79.E5M865 1993eb
ddc:363.7
subject:Environmental economics, Economic development--Environmental aspects.
Page i
World Bank Environment Paper Number 3
Environmental Economics and Sustainable Development
Mohan Munasinghe
Environmental economics and sustainable development - image 2
Page ii
Copyright 1993
The International Bank for Reconstruction
and Development/THE WORLD BANK
1818 H Street, N.W.
Washington, D.C. 20433, U.S.A.
All rights reserved
Manufactured in the United States of America
First printing July 1993
Third printing March 1997
Environment Papers are published to communicate the latest results of the Bank's environmental work to the development community with the least possible delay. The typescript of this paper therefore has not been prepared in accordance with the procedures appropriate to formal printed texts, and the World Bank accepts no responsibility for errors.
The findings, interpretations, and conclusions expressed in this paper are entirely those of the author(s) and should not be attributed in any manner to the World Bank, to its affiliated organizations, or to members of its Board of Executive Directors or the countries they represent. The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility whatsoever for any consequence of their use. Any maps that accompany the text have been prepared solely for the convenience of readers; the designations and presentation of material in them do not imply the expression of any opinion whatsoever on the part of the World Bank, its affiliates, or its Board or member countries concerning the legal status of any country, territory, city, or area or of the authorities thereof or concerning the delimitation of its boundaries or its national affiliation.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, 27 Congress Street, Salem, Massachusetts 01970, U.S.A.
The complete backlist of publications from the World Bank is shown in the annual IndexofPublications, which contains an alphabetical title list (with full ordering information) and indexes of subjects, authors, and countries and regions. The latest edition is available free of charge from the Distribution Unit, Office of the Publisher, The World Bank, 1818 H Street, N.W., Washington, D.C. 20433, U.S.A., or from Publications, The World Bank, 66, avenue d'Ina, 75116 Paris, France.
Mohan Munasinghe is chief, Policy and Research Division, in the Environment Department of the World Bank.
Library of Congress Cataloging-in-Publication Data
Munasinghe, Mohan, 1945
Environmental economics and sustainable development /
Mohan Munasinghe.
p. cm. (World Bank environment paper ; no. 3)
Includes bibliographical references.
ISBN 0-8213-2352-0
1. Environmental policyEconomic aspects. 2. Economic
developmentEnvironmental aspects. I. Title. II. Series.
HC79.E5M865 1993
363.7dc20 92-42952
CIP
Page iii
FOREWORD
The decade of the 1980s has witnessed a fundamental change in the way governments and development agencies think about environment and development. The two are no longer regarded as mutually exclusive. It is now recognized that a healthy environment is essential to sustainable development and a healthy economy. Moreover, economists and planners are beginning to recognize that economic development which erodes natural capital is often not successful. In fact, development strategies and programs which do not take adequate account of the state of critical resourcesforests, soils, grasslands, freshwater, coastal areas and fisheriesmay degrade the resource base upon which future growth is dependent.
Since its creation, the Vice Presidency for Environmentally Sustainable Development (ESD) has placed the highest priority on the analysis of these important issues. Within ESD, the Environment Department's work, in particular, has focused on the links between environment and development, and the implications of these linkages for development policy in general. The objective of the Environment Paper Series is to make the results of our work available to the general public.
Increasing environmental awareness and concerns over sustainability have broadened the range of issues that need to be examined in the assessment of the potential impacts of proposed projects and programs. Three different concepts of sustainable development may be identified; based on economic, ecological, and socio-cultural criteria. Reconciling these concepts and operationalizing them will be a formidable task, which is only now getting underway. In the meantime those making decisions have to find ways of introducing such concerns into their analysis in a practical way.
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