ABSTRACT

The purpose of this chapter is to see how the ideas of sustainable development fit into the vision for development articulated by Stiglitz in his Prebish lecture at UNCTAD in 1998 (Stiglitz 1998). This is quite a challenge; Stiglitz barely mentions the term sustainable development in his entire lecture. Further he only twice refers (briefly) to the environment or natural capital, which are the specific issues to be covered in this chapter. It is hard to imagine that these concepts were high on his mind when he prepared the lecture.