March 26th, 2019

China should lead with sustainable development

Sustainable development means the idea of economic development that is socially equitable and environmentally sustainable. It is the idea of combining three objectives: economic growth, social justice and environmental sustainability.

I regard this challenge the biggest challenge all countries, including China and the US, face. Given China’s and America’s current challenge of sustainable development, both countries are facing similar challenges now.

Why are there so many problems in the China-US relationship and what should we do about them? I believe the entire world needs to cooperate on a different approach to economics. This approach combines growth, fairness and the environment, all in one package.

Read the entire excerpt from Professor Sachs’ remarks at the Chongyang Institute of Finance, Renmin University of China in Beijing here in the Global Times.

 

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