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Development, Productivity, and Sustaining Natural Capital

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  • Terrence S. Veeman

Abstract

The elimination of hunger, the reduction of poverty, and the wiser management of natural capital remain as critical, but elusive, objectives of society worldwide. In this Address, the issues of development, productivity, and the use of natural capital are explored and important linkages among these three areas are drawn. A special challenge is the identification of the conditions under which the productive base of a nation or region would increase on a sustainable basis, enhancing well‐being of its citizens over time. Policy reforms are identified, which would help to ensure that development is more sustainable, that productivity growth is adequate and appropriate, and that natural capital, particularly its critical components, is managed more wisely. L'élimination de la faim, la réduction de la pauvreté et la gestion judicieuse du capital naturel demeurent, pour les sociétés de partout dans le monde, des objectifs extrêmement importants, mais difficiles à atteindre. Le présent exposé analyse les questions liées au développement, à la productivité et à l'utilisation du capital naturel, et établit d'importants liens entre ces trois domaines. La détermination des conditions qui contribueraient à augmenter de façon viable la base productive d'une nation ou d'une région, et ainsi accroître le bien‐être de tous ses citoyens au fil du temps, pose un défi de taille. Les réformes politiques qui aideraient à assurer un développement durable, une croissance de la productivité adéquate et appropriée ainsi qu'une gestion judicieuse du capital naturel, particulièrement des éléments essentiels, sont mises en lumière.

Suggested Citation

  • Terrence S. Veeman, 2008. "Development, Productivity, and Sustaining Natural Capital," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 56(1), pages 13-25, March.
    • Handle: RePEc:bla:canjag:v:56:y:2008:i:1:p:13-25
    DOI: 10.1111/j.1744-7976.2007.00114.x
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    References listed on IDEAS

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    2. Graham, Mary, 2009. "Developing a social perspective to farm performance analysis," Ecological Economics, Elsevier, vol. 68(8-9), pages 2390-2398, June.

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