Environmental Responsibility in Sustainable Development
The World Commission on Environment and Development, also known as Brut land Commission (1987), defined sustainable development as the one that "meets the needs of the present without compromising the ability of future generations to meet their own needs". Even though this definition is widely quoted, there are many conceptual and practical difficulties in evolving an operational sustainable development policy from this definition. An understanding of the nature and uses of environmental goods and linkages between economic and environmental systems would enable us to formulate a policy for sustainable development. In this paper the author made an attempt to reveal (i) the nature and uses of environmental goods, (ii) the problems in linkage between economic development and environmental quality, (iii) the problems in measuring sustainable income, (iv) to evolve a policy agenda for sustainable of Indian social cost
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