Energy issues for sustainable development in Asia
Publication Year: 1994
Author(s): Rajendra K Pachauri
It would be useful to look at the record of economic growth for specific regions of the world to bring out the distinction between the Asian region and other parts of the globe. This can be seen from Table 1 which shows a computation of economic growth rates for three periods of time extending from 1968 to 1990. It would be seen that, by and large, in recent years particularly, growth rates for Asia have been substantially higher than those of the European Community as well as the US. Even the economies of South Asia which have generally lagged behind the rest of the continent have performed quite remarkably during the 1980s. The performance of the Indian economy recently has, of course, not been as satisfactory, but current trends appear promising and moving in the direction of growth rates of much more than 5 percent per annum. Informed analysists believe, therefore, that the projections in Table 2a may actually be an understatement in respect of South Asia. Besides, if we take China and India together and compute their weighted average of growth rates we see the enormous momentum that these large markets exceeding 2 billion people would impart to the economy of the region.
Source: Resources, Conservation and Recycling, Vol 12(1-2):31-35p.