Trade-offs in Environment and Trade : Need for sustainable development

Kripa, V (2012) Trade-offs in Environment and Trade : Need for sustainable development. In: World Trade Agreement and Indian Fisheries Paradigms: A Policy Outlook, 17-26 September 2012, Kochi.

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Abstract

In economics the term ‘trade-off’ is expressed as opportunity cost, referring to the most preferred alternative given up. A trade-off, then, involves a sacrifice that must be made to obtain a certain product, rather than other products that can be made using the same required resources. For a person going to a basketball game, its opportunity cost is the money and time expended, say that would have been spent watching a particular television program (Wikipedia). Another key word is ‘sustainable development’. Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs (World Commission on Environment and Development). Sustainable development was added as one of the general objectives of the World Trade Organization when it was established in 1994.

Item Type:Conference or Workshop Item (Paper)
Uncontrolled Keywords:Trade-offs; Environment and Trade; sustainable development
Subjects:Marine Environment
Socio Economic and Extension > Fisheries Economics
Marine Fisheries
Divisions:CMFRI-Cochin > Fishery Environment
ID Code:9099
Deposited By:Arun Surendran
Deposited On:15 Nov 2012 12:37
Last Modified:15 Nov 2012 12:37

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