According to Theodore Panayotou (1993), which of the following is NOT a cause of environmental degradation?

Show Answers

Distortions within market systemsFlawed or ineffective economic policiesInsufficient property rights enforcementGrowth and spread of capitalismLack of technological innovation

Explanation

Panayotou identifies market distortions, poor economic policies, and weak property rights as key drivers of environmental damage. However, he does not attribute environmental degradation to the expansion of capitalism itself.