ABSTRACT
Strategies towards fair and sustainable global socio-economic development require environmentally and culturally tenable patterns of production and consumption as well as a fair distribution of income and access to its sources. According to the World Conservation Strategy, apparently, development could be made sustainable only if living, or renewable resources were conserved, that is, managed in such a way that their availability over time would be ensured at least at a given level. Economic growth and the patterns of production and consumption should be made to become less unsustainable and this cannot be done without political and civil power countervailing and curbing economic forces. Practitioners of development in the mainstream institutions stay within the context of the Washington Consensus. The challenge is to identify and introduce institutions in the domain of formal and informal social and economic interactions that can change globalisation to become conducive to sustainable and more human development.
