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AC&EMS conference University GuesthouseDecember 19 2015Steven Debipersad
Changing the Scope of
Economic Growth toward Sustainability
The key is to reflect on 6 kinds of capital goods
Business
capitalInfrastru
cture
Natural
capital
Human
capital
Intellectual
capitalSocial capital
S U S T A I N A B I L I T Y
Business Capital:
Growth / Profit
Economic Growth:
Free market concept
Keynesian growth concept
Suriname: main drivers of the economy
Increasing importance of gold in exports
GOLD CHART SURINAME 1997-2011
2010-2015EstimatedContributionGold sectorUSD 600 million
2010-2015Total miningContributionUSD 3.8 billion
Source: Probios
SCALE OF DEFORESTATION
Business capital
Infrastructure
Natural capital
Human capital
Intellectual capital
Social capital
Business capital
Infrastructure
Natural capital
Human capital
Intellectual capital
Social capital
Date HDI HDI Ranking
2014 0.714 103º2013 0.705 100º2012 0.702 101º2011 0.701 101º2010 0.698 101º2008 0.694 93º2005 0.672 94º
HUMANDEVELOPMENTINDEX
Human Capital – Intellectual capital•
• Invest in R & D for innovation
• Knowledge economy is a INNOVATIVE economy• Knowledge ‘upgrades’
productivity (TFP)• Key to Sustainability
What are the Sustainable alternatives?• Diversification…….?– Agriculture (hydrophytes extract pesticides from
environment)– Tourism (customized products)
•Green Economy •Blue Economy
Bottled air, the solution to air pollution?
Source: The Economist 16-12-15
CHANGING FOR SUSTAINABILITY
