The sustainable growth paradigm : implications for technology and policy

Abstract

While some scholars continue to insist that the concept of sustainability is vague and unwieldy, this thesis seeks to explore multidimensional elements of sustainability and seeks to offer an integrative, transdisciplinary approach to policy design for its attainment. Sustainability and the related concepts of development, globalization, and economic and environmental justice are interwoven with technological, social and institutional change, and with trade as drivers of the transformation of industrial and industrializing societies. The discussion begins by an analysis of the dominant existing models of economic growth and innovation and advances to the effects of economic growth on sustainability. Included is an analysis of the limits of the GDP growth paradigm, the effects of growth on the developed and the developing world and the relationship between economic growth and ecological collapse. The focus of analysis then shifts from the domestic to the international. Trade and the International Financial System are examined both with respect to their primary theories and characteristics, but also in relation to their effects to sustainability. The discussion is then concluded by an examination of the different policy options and analytical tools that could be employed for a transition to a more sustainable economic model.