Peace for the World

Peace for the World
First democratic leader of Justice the Godfather of the Sri Lankan Tamil Struggle: Honourable Samuel James Veluppillai Chelvanayakam

Monday, July 3, 2017

Green accounting for sustainable development: Much to be done to convert hype to reality
Keynote address delivered at Wayamba University’s research symposium
1To be of use, green accounting has to be accepted by global community as the framework for measuring output at firm as well as national level 
2Two meanings of sustainable development

Monday, 3 July 2017

logoSustainable development generally has two meanings.

One is associated with sustainability of development through proper market practices. In this sense, a sustainable development is one which, once started, will continue on its own without the need for external support. For instance, a poor man may cross the poverty line with the initial state support. His development will be sustainable only if he could continue his journey to prosperity even after the state support is withdrawn. For this, an essential requirement is the presence of an appropriate incentive system to motivate him to work hard and smart through the market mechanism.