Economists and Ecologists Viewpoint About Sustainable Development

Abstract

One who sinks a well lives in heaven for as many years as there are drops of water in it. But to dig ten such wells equals in merit the digging of ten such ponds was equal to making a lake; making of ten lakes was as meritorious as be - getting a virtuous son but begetting ten such virtuous sons had the same sanctity as that of planting a single tree. -Matsya Purana Economic globalisation since 1991 has significantly increased rates of diversion of natural ecosystems for 'developmental' purposes, and rates of resource exploitation for domestic use and exports (Kothari, 2013). Most of the world level Conferences attended by Premiers and Presidents of different nations have not been able to cut much ice. Development must be environmentally harmonious, economically justified and targeted towards equity coupled with social justice. One must understand the implications of fast economic development and the consequences of rapid depletion of natural resources causing an ecological imbalance which may prove fatal for the civilization (Bhalla and Khanna). Knowledge Networks need to be created urgently so that scientific ass