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Old 06-13-2006, 06:29 PM
BrainGlutton BrainGlutton is offline
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Join Date: Mar 2003
Location: Tampa, Florida
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Quote:
Originally Posted by Dumbguy
This always seems to be the assumption, but itís not clear to me why itís true. Wouldnít more efficient energy use lead to more growth, at least long term? How does inefficient resource use benefit growth?
Perhaps it's because energy-efficient development is only practical after a country already has put a lot of resources into energy-wasteful heavy capital formation. Or perhaps it's just because energy-wasteful development requires less investment up front, an important consideration for a poor country. I dunno. But it is true China has a major problem with the Kyoto Protocol, because they think following it would retard their economic development. http://en.wikipedia.org/wiki/Kyoto_a...ition_of_China