Download An Introduction to Sustainable Development: 2nd Edition by J. Elliott PDF

By J. Elliott

ISBN-10: 020301765X

ISBN-13: 9780203017654

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Extra info for An Introduction to Sustainable Development: 2nd Edition (Routledge Introductions to Development)

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Historically, such economic pressures have been important factors behind significant political changes within and between states, and this has again been demonstrated in recent years. The currency crisis in 1998 What is sustainable development? • 31 in Indonesia, for example, led directly to the removal of President Suharto after more than thirty years in power. Economic and political changes were also very much interwoven in the 1989 and 1991 revolutions in Eastern Europe and the USSR respectively.

Rather, all economic activities are integrated at the global scale and all functions located wherever it is most favourable economically; ‘this may involve a geographic separation of functions to take advantage of what different places have to offer or an overlapping set of activities wherever they have a market presence’ (Allen, 1995: 61). The most dramatic increase in economic globalisation, however, has taken place, not in production, but in financial speculation. For 30 • What is sustainable development?

Hong Kong is also an emerging source of foreign direct investment. 5 shows where such investments go. In large measure, it is seen that the major investors overseas are investing in each other. Although the share of inward investment to developing countries rose slightly in the early 1990s, it continues to go to a very limited number of countries (UNCTAD, 1997). For example, the bulk of recent investment in Asia has been in China specifically (which was the largest developing country recipient in 1996).

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