The Global Environment Natural Resources And Economic Growth

Global growth, in particular high economic growth rates, implies a fast depletion of resources. Thus, this book deals with the impact on the environment and the effect of the exhaustive use of natural resources on economic growth and welfare of market economies.

Global growth, in particular high economic growth rates, implies a fast depletion of resources. Thus, this book deals with the impact on the environment and the effect of the exhaustive use of natural resources on economic growth and welfare of market economies.

A comprehensive analysis of natural resource use and economic development in poor countries, first published in 2005.

Economic growth as we know it today cannot persist indefinitely if it entails continuous degradation of natural resources and the environment. While in a few countries around the world it appears that environmental degradation has been the result of rapid economic growth, in the vast majority of the developing countries the environment has been equally spoiled despite slow or even negative economic growth. This book provides new insights on the common roots of economic stagnation, poverty and environmental degradation which, unfortunately, generally reside in misguided government policies and priorities. By doing this, the volume seeks to provide a broader policy option framework than those found in conventional policy analyses, mainly dominated by the "Washington Consensus". It shows that a major omission of the conventional view is that governments tend to allocate government expenditures in a biased way favouring subsidies to the economic elites to the detriment of investments in public goods, including human capital, R&D, as well as the development of institutions (environmental and otherwise), which are vital for long run growth, poverty reduction and environmental sustainability.

Through a combination of global data analysis and focused country level analysis, this timely book provides answers to the most pertinent country and industry specific questions defining the current relationship between technology, natural resources and economic growth. Technology, Natural Resources and Economic Growth will provide a valuable resource for a wide readership including postgraduate students, researchers, academics and policy makers working in the fields of environmental and ecological economics.

By 2050, humanity could devour an estimated 140 billion tons of minerals, ores, fossil fuels and biomass per year three times its current appetite unless the economic growth rate is decoupled from the rate of natural resource consumption. Developed countries citizens consume an average of 16 tons of those four key resources per capita (ranging up to 40 or more tons per person in some developed countries). By comparison, the average person in India today consumes four tons per year. With the growth of both population and prosperity, especially in developing countries, the prospect of much higher resource consumption levels is far beyond what is likely sustainable if realised at all given finite world resources, warns this report by UNEP's International Resource Panel. Already the world is running out of cheap and high quality sources of some essential materials such as oil, copper and gold, the supplies of which, in turn, require ever-rising volumes of fossil fuels and freshwater to produce. Improving the rate of resource productivity (doing more with less) faster than the economic growth rate is the notion behind decoupling, the panel says. That goal, however, demands an urgent rethink of the links between resource use and economic prosperity, buttressed by a massive investment in technological, financial and social innovation, to at least freeze per capita consumption in wealthy countries and help developing nations follow a more sustainable path.

Environmental issues are of fundamental importance, and a broad approach to understanding the relationship between the human economy and the natural world is essential. In a rapidly changing policy and scientific context, this new edition of Environmental and Natural Resource Economics reflects an updated perspective on modern environmental topics. Now in its fifth edition, this textbook includes enhanced and updated material on energy, climate change, greening the economy, population, agriculture, forests and water—reflecting the greater urgency required to solve the big environmental problems in these areas. It introduces students to both standard environmental economics and the broader perspective of ecological economics, balancing analytical techniques of environmental economics topics with a global perspective on current ecological issues such as population growth, global climate change and "green" national income accounting. Harris and Roach’s premise is that a pluralistic approach is essential to understand the complex nexus between the economy and the environment. This perspective, combined with its emphasis on real-world policies, is particularly appealing to both instructors and students. This is the ideal text for undergraduate classes on environmental, natural resource and ecological economics, and postgraduate courses on environmental and economic policy. To access Student and Instructor resources, please visit: sites.tufts.edu/gdae/environmental-and-natural-resource-economics/.

This third edition is designed to be of interest to students of environmental and natural resource economics. New chapters, an expanded emphasis on international concerns, domestic topics, and fresh coverage of older topics are covered in an applications-orientated approach.