By: Wilfrido Cruz and Robert Repetto
91 pages, Figs,tabs
A natural resource accounting methodology developed mostly by the World Resources Institute, is used in the case of the Philippines to demonstrate that the developmental strategy used by the country undermined natural resorces whilst increasing external financial obligations and thus international debt. There has ultimately been a corresponding growth in pollution-prone industries. The authors discuss the consequences of this and point to other options that could have been taken to avoid such environmental damage.
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