On the Precedence of Constraints on Growth: Advocating the Ecological Footprint Perspective

Abstract

Our goal is to propose the ecological footprint as the first growth restriction that currently faces the Mexican economy. To capture the attention of both orthodox and heterodox economists, we will analyze three restrictions on growth, namely, on the supply, demand, and biocapacity side. Our first recommendation highlights the need for Mexico to fully redesign its public policies in order to substantially improve its results in terms of environmental sustainability hand in hand with a much better distribution of income and wealth. A limitation lies in the review of only the neoclassical and post-Keynesian growth theories, involving a personal selection from the literature. As far as we know, this document represents the first study that incorporates within the theories of economic growth the restriction linked to biocapacity and the ecological footprint in Mexico. The main conclusion constitutes a local echo of world literature −the immediate challenge facing Mexico and other societies is to make any economic-social result compatible with a single earth planet.

Sustainable strategy as a lever for corporate legitimacy and long-term competitive advantage: an examination of an emerging market multinational

“…Therefore, companies must incorporate sustainability into their corporate strategies to meet these new demands that redefine the notion of competitiveness (Dyllick and Hockerts, 2002; Gomez-Trujillo et al , 2021a). Furthermore, MNEs are expected to drive sustainable development in the regions where they operate and influence institutional behavior in host countries (Guerrero de Lizardi, 2021; Sutter et al , 2018; Van Zanten and Van Tulder, 2018). However, limited knowledge exists about the process of integrating sustainability into the corporate strategies of MNEs and the dynamic responses of subsidiaries in addressing internal and external institutional pressures (Beddewela, 2019; Park, 2018).…”