An Empirical Investigation of Mining and Sustainability
The definition of sustainable development is often taken from the so-called "Brundtland" report, requiring that activities of the current generation not detract from the potential welfare of future generations. Mining is often held up as unsustainable in this regard, since the extracted resource is non-renewable. Yet Brundtland's definition of sustainable development also requires that the current generation address the disparity in welfare across the globe, a facet of Brundtland's report that most have ignored. This paper examines the impact of mining on the welfare of the poor, empirically assessing mining's contribution to this second facet of sustainable development using a new World Bank poverty data set.
Sustainability, Mining, Sustainable Growth, World Bank, Oil and Gas, Poverty, Development, Sustainable development