Sustainable Economic Development

1st Edition

Resources, Environment, and Institutions

Editors: Arsenio Balisacan Ujjayant Chakravorty Majah-Leah Ravago
Hardcover ISBN: 9780128003473
eBook ISBN: 9780128004166
Imprint: Academic Press
Published Date: 25th September 2014
Page Count: 532
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Sustainable Economic Development: Resources, Environment, and Institutions presents 25 articles that lay the foundations of sustainable development in a way that facilitates effective policy design. The editors mix broad thematic papers with focused micro-papers, balancing theories with policy designs.
The book begins with two sections on sustainable development principles and practice and on specific settings where sustainable development is practiced. Two more sections illuminate institutions, governance, and political economy. Additional sections cover sustainable development and agriculture, and risk and economic security, including disaster management. This rich source of information should appeal to any institution involved in development work, and to development practitioners grappling with an array of difficult on-the-ground developmental challenges.

Key Features

  • Analyzes policies that move markets and resource use patterns towards achieving sustainability
  • Articles are kaleidoscopic in scope and creativity
  • Authors embody extraordinary diversity and qualifications


Upper-division undergraduates, graduate students, and professionals worldwide working on risk, resource, and policy issues concerned with sustainable development.

Table of Contents

  • Dedication
  • About the Editors
  • About the Authors
  • Foreword
  • Preface and Acknowledgments
  • Section 1: Introduction and Synthesis

    • Chapter 1. The Principles and Practice of Sustainable Economic Development: Overview and Synthesis

      • 1.1 Introduction
      • 1.2 Resource Management and Sustainable Development
      • 1.3 Institutions, Governance, and Political Economy
      • 1.4 The Nature, Causes, and Consequences of Agricultural Development Policy
      • 1.5 Development, Vulnerability, and Poverty Reduction
      • 1.6 Conclusion
      • References
    • Chapter 2. Reflections on the Foundations of Development Policy Analysis

      • 2.1 Introduction
      • 2.2 Behavioral Foundations for Agricultural Development Policy
      • 2.3 Organizational Foundations for Development Policy Analysis: The New Institutional Economics
      • 2.4 Modern Theories of Market and Institutional Failure: Shocks, Traps, Nets, and Ladders
      • 2.5 The Anatomy of Specialization
      • 2.6 Black-Hole Economics
      • References
  • Section 2: Resources, Environment, and Sustainable Development

    • Chapter 3. Scarcity, Security, and Sustainable Development

      • 3.1 Introduction
      • 3.2 Scarcity and Security
      • 3.3 Sustainable Development: What Is It Anyway?
      • 3.4 Trilogies, Triads, and Triangles
      • 3.5 Research Opportunities
      • 3.6 Thoughts on Economic Diplomacy and Education
      • References
      • Technical Appendix
    • Chapter 4. The Economics of Fossil Fuels and Pollution

      • 4.1 Introduction
      • 4.2 The Framework with Nonrenewable Resource and a Ceiling on the Stock of Pollution
      • 4.3 Ceiling with Fossil Fuels with Different Pollution Intensities
      • 4.4 Conclusion
      • Acknowledgments
      • References
    • Chapter 5. Integrated Groundwater Resource Management <u


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Academic Press
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About the Editor

Arsenio Balisacan

Arsenio Balisacan is a Professor of Economics at the UP School of Economics (on secondment) and Secretary of Socioeconomic Planning in the Cabinet of President Benigno S. Aquino III, Republic of the Philippines.

Affiliations and Expertise

University of the Philippines

Ujjayant Chakravorty

Ujjayant Chakravorty is Professor of Economics at Tufts University and Fellow at the Toulouse School of Economics and CESifo.

Affiliations and Expertise

Tufts University, Medford, MA, USA

Majah-Leah Ravago

Majah-Leah V. Ravago is Assistant Professor and currently Director for Research at the UP School of Economics.

Affiliations and Expertise

University of the Philippines Dililman, Philippines


“If we are to understand the impact of public policy on sustainable economic development and poverty reduction, we must likewise understand the structure of the economy and its institutions. The illustrious authors of this volume contribute to this mission by providing an integrated vision of an economy's natural resources, institutions of governance, and especially its agricultural and rural development." --His Excellency Benigno S. Aquino III, President of Republic of the Philippines