Abstract
AbstractAlthough the linkages between economics and environment are absolute, they are not emphasized either by the economic or by the environmental professions. The economics of natural resources remains a minor unpopular theme in orthodox economics today. Similarly, the relationship of the economic subsystem to the overall ecosystem is only mentioned in most environmental science texts. Attention to the environmental dimensions of economic development burgeoned in the early 1970s and has yet to become systematic. There are encouraging signs that this is improving. The integration of economics and environmental studies has been the focus of several recent conferences and books, e.g. Brundtland, 1987; Conway, 1985; IIED, 1987; Jansson, 1984; Pearce, 1985 and at least two journals (Environmental Economics from 1976, and Ecology and Economics from 1987; excluding the vast literature mainly on pollution economics. This paper mentions four environmental aspects of economic development: the concept of sustainability, carrying capacity, ethics and irreversibility. It then focuses on one important irreversible—the loss of biodiversity—and outlines progress with the World Bank's policies in this regard.
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