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Thursday, May 2, 2024

Economist urges inclusion of nature in economic system

Professor Sir Partha Sarathi Dasgupta in an recent interview in The Wave, a business programme of Thai PBS World.

In a world driven by the pursuit of economic growth, the absence of nature from the global economic mechanism has, to a large extent, remained unnoticed. A call for change is, nevertheless, ringing loud, as a concept known as “ecological economics” gains momentum.

In an interview with Thai PBS World, Professor Sir Partha Sarathi Dasgupta, a prominent economist, shed light on the role of ecological thinking and biodiversity in reshaping economics, emphasising that biodiversity is a fundamental factor in the economic prosperity of nations.

“The fisherman depends on coastal fisheries. The productivity of that fishery does not lean on one species of fish, but the survival of that species, and the bountiful nature of that species in the coastal region depends on many…

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