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Business, Capital and SustainableEconomic Development

Martin Purvis

Introduction

Historically, economic performance has been a crucial measure of a region’s success and state of development. Societies and individuals have sought to maximize economic growth, industrial production, employment and material living standards. Few have questioned this construction of progress and development. Yet there are, invariably, social and environmental costs to be set against the benefits of economic development. During the 1960s and 1970s, attention to these costs led environmentalists to argue for the necessity of setting limits to economic growth. The agenda of sustainable development, however, makes a rather different case, not for curbing growth, but ...

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