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Another View of Development, Ecological Degradation, and North-South Trade

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  • Mario Giampietro
  • Kozo Mayumi

Abstract

Based on N. Georgescu-Roegen's bioeconomic paradigm, this paper reconsiders the neoclassical economic paradigm which endorses continuous global economic growth through stimulated trade. We suggest that, in view of sustainability, it is fundamental to acknowledge: (1) the importance of preserving the identity and integrity of economic systems in different regions of the world through enlarging as much as possible self-sufficiency and equity assessed at national and regional levels; and (2) the importance of including respect for biospheric equilibria as one criterion to be used to regulate world economic activity and trade. We examine differences and similarities of the past and present patterns of ecological degradation. We also present two types of efficiency to assess technological changes and the drive toward unsustainability. Then we discuss an entropy-based theory of North-South trade issues and three points for promotion of sustainability. Finally, we show that the true origin of currentecological crisis lies in a deep change in the perception of the relation between humans and nature that affects the mode of technological development of modern society.

Suggested Citation

  • Mario Giampietro & Kozo Mayumi, 1998. "Another View of Development, Ecological Degradation, and North-South Trade," Review of Social Economy, Taylor & Francis Journals, vol. 56(1), pages 20-36.
    • Handle: RePEc:taf:rsocec:v:56:y:1998:i:1:p:20-36
    DOI: 10.1080/00346769800000002
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    Citations

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    Cited by:

    1. Alcott, Blake, 2008. "The sufficiency strategy: Would rich-world frugality lower environmental impact," Ecological Economics, Elsevier, vol. 64(4), pages 770-786, February.
    2. Kozo Mayumi, 2009. "Forum 2009," Development and Change, International Institute of Social Studies, vol. 40(6), pages 1235-1254, November.
    3. David Font Vivanco & Jaume Freire‐González & Ray Galvin & Tilman Santarius & Hans Jakob Walnum & Tamar Makov & Serenella Sala, 2022. "Rebound effect and sustainability science: A review," Journal of Industrial Ecology, Yale University, vol. 26(4), pages 1543-1563, August.
    4. Madlener, R. & Alcott, B., 2009. "Energy rebound and economic growth: A review of the main issues and research needs," Energy, Elsevier, vol. 34(3), pages 370-376.
    5. Mayumi, Kozo & Giampietro, Mario & Gowdy, John M., 1998. "Georgescu-Roegen/Daly versus Solow/Stiglitz Revisited," Ecological Economics, Elsevier, vol. 27(2), pages 115-117, November.
    6. Font Vivanco, David & McDowall, Will & Freire-González, Jaume & Kemp, René & van der Voet, Ester, 2016. "The foundations of the environmental rebound effect and its contribution towards a general framework," Ecological Economics, Elsevier, vol. 125(C), pages 60-69.
    7. Alcott, Blake, 2005. "Jevons' paradox," Ecological Economics, Elsevier, vol. 54(1), pages 9-21, July.

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