- Title: Sustainable Options: Development Lessons from Applied Environmental Economics
- Editors: J Blignaut & M de Wit
- Publisher: UCT Press
- Country of Origin: South Africa
- ISBN: 9781919713343.
This well-researched, important text argues a case for the use of environmental resource economics (ERE) as an analytical framework for the conceptualisation and design of policy options. Sustainable Options integrates economic theories and concepts on the one hand with social and environmental challenges on the other. Applying ERE in a developing context, like that of South Africa, is critical given the country’s dependence on natural and environmental assets.
The sustainability of the economy and the welfare of the country’s people are at stake. Environmental management is, therefore, an economic concern. This is illustrated clearly in the first section of the book which examines a broad range of welfare indicators, thus providing an overview of the macroeconomic performance of the South African economy.
The mainstay of the book is a choice selection of ERE case studies done over the last few years and a discussion of the political and ethical contexts of economic development. ‘I have a feeling that this book…will act as a forerunner for adopting better measures of environmental and social risk in business and government.’—Clem Sunter.