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from Part III - Policies for Sustainable Resource-Based Development
Published online by Cambridge University Press: 31 August 2019
As discussed in Part I, the very minimum criterion for attaining sustainable development in a resource-rich economy is that this natural resource exploitation satisfies “weak sustainability” conditions. That is, the development path must ensure that, first, natural resources are managed efficiently so that any rents earned are maximized, and second, the rents resulting from the depletion of natural capital are invested into other productive assets in the economy.
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