Reflections on debt and the environment. (The Global Environment): An article from: Finance & Development

This digital document is an article from Finance & Development, published by International Monetary Fund on June 1, 1992. The length of the article is 2910 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The fairly popular view that the debt crisis is responsible for the widespread degradation of the environment is a misconception. Instead, it is proposed that both the environmental and debt crises originate from the same source, the drive for rapid growth. It is this desire to increase incomes and standards of living that drives nations into borrowing and consuming resources beyond sustainable levels. As the debt crisis wanes in the 1990s, attention is now focusing on finding ways to direct the dynamic forces of growth so that further economic development can be environmentally sustainable. A vital first step toward this end is for developing countries to conduct environmental assessments so that they could identify critical environmental issues and determine priorities for subsequent action plans.

Citation Details
Title: Reflections on debt and the environment. (The Global Environment)
Author: John D. Shilling
Publication:Finance & Development (Magazine/Journal)
Date: June 1, 1992
Publisher: International Monetary Fund
Volume: v29 Issue: n2 Page: p28(3)

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