Abstract
That all economics depend on their natural resources, such as soil and its cover, water, forests, animals, and fisheries should be self-evident: ignore the environmental resource base, and we are bound to obtain a misleading picture of productive activity in the economy. Nevertheless, in most economic analyses, there has been a neglect of the resource base, and in particular in analysis of economic development in poor countries, which rely heavily on their environmental and natural resource base. Until very recently, environmental resources made but perfunctory appearances in government planning models, and they were cheerfully ignored in most of what goes by the name development economics.
Paper prepared for the conference on ‘Applications of Environmental Accounting’, sponsored by the Fondazione Eni Enrico Mattei and the State Science and Technology Commission of the People’s Republic of China, March 11–13, 1996, Beijing China.
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Mäler, KG. (1999). Resource Accounting, Sustainable Development and Well-Being. In: Lanza, A. (eds) Resources Accounting in China. Fondazione Eni Enrico Mattei (FEEM) Series on Economics, Energy and Environment, vol 12. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-4836-8_4
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