Summary |
As an economy treads along a higher growth path, the income level of some sections experiences significant increase. This increase in prosperity changes the demand pattern in the economy and by the market mechanism, production of goods used by the prospering sections goes up. Production of consumption items of rich often requires more resources on an average than what production of poor man’s consumption items needs. Therefore, with rise in income supply of poor man’s production items may fall sizeable making their livelihood unsustainable. We mean sustainable development has thrown out a challenge to economics, academics and other fields like ecological system.
41 papers have been selected for inclusion in this volume. There is an introduction added for the convenience of the readers which outlines main issues and the central tenet of the volume along with a brief summary of each paper.
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