Green GDP and Sustainable Development in Malaysia

Autor:	Negin Vaghefi, Sarah Aziz, Chamhuri Siwar
Rok vydání:	2015
Předmět:	Sustainable development Measure (data warehouse) business.industry Natural resource economics Environmental resource management Sustainability Damages business Natural resource General Environmental Science
Zdroj:	Current World Environment. 10:01-08
ISSN:	2320-8031 0973-4929
DOI:	10.12944/cwe.10.1.01
Popis:	Sustainability has become an important concept in economic growth and development in the world. Malaysia, as a rapidly developing economy in Asia, has been able to achieve a positive economic growth; however, there is a big question: is it on a sustainable growth path? Due to weaknesses of traditional GDP in reflecting sustainability path, Green GDP as an indicator of sustainability could be implemented with adjustments in calculations. This paper aims to calculate the Green GDP for Malaysia. This measure will almost give policy makers a more arguable estimate for the area of environmental challenges. This paper highlights the role of natural resources depletion and environmental damages in sustainable development of the country. Green GDP is associated with some uncertainties such as lack of comprehensive calculations in estimating data and difficulties in setting the price of natural resources. These uncertainties and how Malaysia would be able to implement more accurate Green GDP in future were also discussed.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::9721bed6b5a3dd0f40909a27475e6586 https://doi.org/10.12944/cwe.10.1.01 Zobrazit plný text záznamu