Sustainable development: Paradigm or paranoia?

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Abstract
Sustainable development is the globally embraced paradigm for integrating environment and development policies. Agreement ends with attempts atoperationalizing the elusive notion of sustainability. A contentious debate among'environmentalists' and 'environmental economists' has brought about a confusingproliferation of indicators and policy advice on sustainable development. Greening the monetary national accounts could moderate the debate by generating conceptsand indicators which translate environmental concerns into the language of widely used economic variables. The implementation of sustainable growth anddevelopment requires more. 'Economic' instruments of environmental costinternalization need to be combined with environmental legislation and regulation.Such reconciliation of environmental and economic policies should be supported by a'social compact' between government and civil society. The sustainedimplementation of sustainable development depends on it.
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