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_____45 CHAPTER 2 ECONOMIC GROWTH AND THE environment Theodore Panayotou Introduction Will the world be able to sustain ECONOMIC GROWTH indefinitely without running into resource constraints or despoiling the environment beyond repair? What is the relationship between a steady increase in incomes and environmental quality? Are there trade-offs between the goals of achieving high and sustainable rates of ECONOMIC GROWTH and attaining high standards of environmental quality? For some social and physical scientists such as Georgescu-Roegen55 and Meadows et al.,56 growing ECONOMIC activity (production and consumption) requires larger inputs of energy and material, and generates larger quantities of waste by-products.
_____ 45 CHAPTER 2 ECONOMIC GROWTH AND THE ENVIRONMENT Theodore Panayotou 2.1 Introduction Will the world be able to sustain economic growth indefinitely without running into resource
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