A central issue in the study of sustainable development is the interplay of growth and sacrifice in a dynamic economy. This paper investigates the relationship among current consumption, growth, and sustained consumption in two canonical, stylized economies and in a more general context. It is...

This article considers local development from the point of view of the ecological sustainability of the economic process. We put forward ideas that help to provide a view of local development that is in line with the concept of sustainable development. First we take a strategic approach to the...

In 1999, the United States and other major donor countries supported an historic expansion of the heavily indebted poor country (HIPC) debt relief initiative. HIPC had two primary goals: reduce poor countries’ debt burdens to levels that would allow them to achieve sustainable growth; and...