Towards a Grand Deal
Recent studies have identified public subsidies as one of the principal causes of unsustainable development. According to de Moor and Calamai (1997), governments worldwide, dispense over $US700 billion each year on public subsidies in agriculture, energy, water and road transport.
Their analysis demonstrates that the bulk of these resources not only fails to achieve desired results but also undermines every aspect of sustainable development.
|Author(s)||De Moor, A|
|Publication||Natural Resources Forum, 25: 167-176.|