Table of Contents

Crisis, Innovation and Sustainable Development

Crisis, Innovation and Sustainable Development

The Ecological Opportunity

Science, Innovation, Technology and Entrepreneurship series

Edited by Blandine Laperche, Nadine Levratto and Dimitri Uzunidis

This unique and informative book highlights the relationship between crisis, innovation, and sustainable development, and discusses the necessary conditions required to seize the ecological opportunity. The authors study the strength of change for building a new society, and the theoretical origins and political aspects of environmental concerns. They also sketch the outlines of a global governance system seeking to promote sustainable development.

Chapter 13: Global Governance, Resources and Sustainable Economic Development. A Critical Approach to the International Economy

Lamia Yacoub and Dimitri Uzunidis

Subjects: economics and finance, economics of innovation, evolutionary economics, innovation and technology, economics of innovation

Extract

Lamia Yacoub and Dimitri Uzunidis INTRODUCTION The ambition for a more balanced and equitable globalization raises the question of a global governance system to manage the stakes that seem to be beyond the regulatory powers of states and market. These stakes turn around the necessity of a sustainable development of the global economy; a concern that stems from an awareness of the perverse effects of capitalism. It was in 1987, with the publication of the Brundtland Report, entitled ‘Our Common Future’, that the objective of sustainable development, was first pronounced. It is supposed to be a type of development that is socially acceptable, economically practicable and ecologically respectful to the environment. Since then, the concept has been the object of intense questioning in economic and scientific literature and has renewed – in the context of globalization – the traditional development economics. The concept of sustainable development is omnipresent in the speeches and publications of international institutions. Conferences, summits and protocols are multiplying to try to create a three-dimensional balance between the three P’s (profit, people, planet). They have given birth to intentions and promises of more efficient control of the capitalist machine. However, the facts show clearly that this control is not efficient: there is still a long way to go to achieve sustainable development. Thus, the global governance system is suffering a crisis of legitimacy. The popularity of the system is contested, its decisional processes are unbalanced, and its aims are controversial. Indeed, it has not only given priority to the...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information