This book explores the causes and consequences of market failure in bridging societal differences to create a shared economy. It questions the current world order and evaluates socio-economic gains in reference to the social origins of the economic agents. With a need to counterbalance economic growth with social equality and environmental sustainability, the book proposes innovative approaches to address key questions on the contemporary global economy such as, "Is the Global socio-economic order supportive of the pursuit of rational and enlightened self -interest?", "Is it a unipolar power centre and neoliberal economic policy regime?", "Can the system reinvent itself?", etc. One approach encourages going back to the golden past and making things "great again", insisting that history has ended and the failures of old global institutions be blamed on the "Clash of Civilizations". Another approach advocates giving up the intellectual comfort zone of elegant but irrelevant neo-liberal explanations of global challenges and asking new questions that take academic debate to the public square. The book examines the internal challenges and contradictions that cause disintegration and proposes alternative ideas and practices in moving the global community beyond the free market regime. The book will appeal to students and academics of development studies, political economy, political science, sociology, as well as policymakers and public opinion makers interested in creating a new egalitarian global society.

This book offers a lively account of the humanitarian, economic, societal, and planetwide impacts of the pandemics, the COVID-19 pandemic included, which are traced back to as early as the 14th century plague pandemic. Placing the pandemics along with other globally shared resources, such as global warming, AI singularity, and high-risk physics experiments, each of the nine chapters of the book discusses the global health crises from a variety of unique standpoints, including infectious diseases, economics, governance, and public health. Based on the historical records of past pandemics and the rich data from the COVID-19 pandemic, a conceptual framework is presented for the economics of pandemics as a globally shared experience. This book aims to critically examine salient features in the global responses to the COVID-19 pandemic, including global governance, lockdowns, radical movements, and mRNA vaccines. The book will be a valuable resource to students, researchers, and policymakers who are working in the fields of environmental economics, global-scale public goods, and health economics.

This book examines the global scope of tourism-related grabbing of land and other natural resources. Tourism is often presented as a peaceful and benevolent sector that brings people from different cultural backgrounds together and contributes to employment, poverty alleviation, and global sustainable development. This book sheds light on the lesser known and much darker side of tourism as it unfolds in the Global South. While there is no doubt that tourism has been an engine of economic growth for many so-called developing countries, this has often come at the cost of widespread dispossession and displacement of Indigenous and non-indigenous communities. In many countries of the Global South, tourism development is increasingly prioritised by governments, businesses, international financial institutions and donors over the legitimate land and resource rights of local people. This book examines the actors, drivers, mechanisms, discourses and impacts of tourism-related land grabbing and displacement, drawing on more than thirty case studies from Latin America and the Caribbean, sub-Saharan Africa, South and Southeast Asia, the Middle East and the Southwest Pacific. The book provides solid grounds for an informed debate on how different actors are responsible for the adverse impacts of tourism on land rights infringements, what forms of resistance have been deployed against tourism-related land grabs and displacement, and how those who have violated local land and resource rights can be held accountable. Tourism, Land Grabs and Displacement will be essential reading for students and scholars of land and resource grabbing, tourism studies, development studies and sustainable development more broadly, as well as policymakers and practitioners working in those fields.

1) This is a comprehensive volume on energy security constructions in India. 2) It contains articles by well known scholars in the field like Girijesh Pant, Shebonti Ray Dadwal, S.D. Muni, G.V.C. Naidu etc., and looks at India's eastward engagement and its challenges and opportunities. 3) This book will be of interest to departments of South Asian Studies and East Asian Studies across UK and USA.

This title includes a number of Open Access chapters. Because cities are such complex systems, creating sustainable urban environments is a challenging goal. No single strategy-or even several strategies-will be enough to achieve tomorrow's healthy and sustainable cities. The challenges resist compartmentalization, because the factors intersect and overlap. The articles in this compendium were chosen to expand the understanding of these complicated issues in a non-linear way. The editor has selected research in the following topics: improving urban air quality; municipal solid waste alternatives; municipal water management; reducing urban energy consumption.

Originally published in 1992 Economics for the Wilds argues that an economics that properly values the resources of the wilds offers the best long-term security for their future. Most of the world's wilds have, in fact, always been utilized by local societies who have managed their resources sustainably, and one important guarantee for their preservation is therefore the continued participation of those communities and an adequate reward to them for their management. The book looks at the complexity and global nature of the issues, at the application of economics to the wilds and at the policies for their conservation and sustainable management which then result. It also examines specific forms of utilization of wild species and habitats, both sustainable and unsustainable, and including community-based development, tourism, the use of rainforest products, poaching and the impact of conservation on wildlife use. The book concludes that a comprehensive utilization strategy for wild resources is needed to ensure their continued existence and the continued flow of benefits from them.

Moving Beyond Modern Portfolio Theory: Investing That Matters tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. It's time for MPT to evolve. The authors propose a new imperative to improve finance's ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy. They show how some of the largest investors in the world focus not on picking stocks, but on mitigating systemic risks, such as climate change and a lack of gender diversity, so as to improve the risk/return of the market as a whole, despite current theory saying that should be impossible. "Moving beyond MPT" recognizes the complex relations between investing and the systems on which capital markets rely, "Investing that matters" embraces MPT's focus on diversification and risk adjusted return, but understands them in the context of the real economy and the total return needs of investors. Whether an investor, an MBA student, a Finance Professor or a sustainability professional, Moving Beyond Modern Portfolio Theory: Investing That Matters is thought-provoking and relevant. Its bold critique shows how the real world already is moving beyond investing orthodoxy.

For some, recycling is a big business; for others a moralised way of engaging with the world. But, for many, this is a dangerous way of earning a living. With scrap now being the largest export category from the US to China, the sheer scale of this global trade has not yet been clearly identified or analysed. Combining fine-grained ethnographic analysis with overviews of international material flows, Economies of Recycling radically changes the way we understand global and local economies as well as the new social relations and identities created by recycling processes. Following global material chains, this groundbreaking book reveals astonishing connections between persons, households, cities and global regions as objects are reworked, taken to pieces and traded. With case studies from Africa, Latin America, South Asia, China, the former Soviet Union, North America and Europe, this timely collection debunks common linear understandings of production, exchange and consumption and argues for a complete re-evaluation of North-South economic relationships.

This two-volume book provides an important overview to EU economic and policy issues related to the development of the bioeconomy. What have been the recent trends and what are the implications for future economic development and policy making? Where does EU bioeconomy policy sit within an international context and what are the financial frameworks behind them? Volume I explores the economic theory of bioeconomy policy, as well as European integration, European agriculture, EU budget and future developments in EU agriculture policies.

This pathbreaking study illustrates and enhances the potential of cost-benefit analysis as a tool for decision-making. Advancing the incorporation of equity preferences in policy analysis, the authors demonstrate the application of choice modeling to the estimation of distributional weights suitable for inclusion in a cost-benefit analytical framework. A platform for discussion of the challenges and opportunities of this approach is presented in the form of a detailed case study designed to estimate community preferences for different intergenerational distributions. While the case study is focused on natural resource management and environmental policy, the conceptual and methodological advances illustrated by the authors are relevant and applicable to a wider array of policy deliberations. This book will prove a challenging and thought-provoking read for academics, students and policy makers with an interest in environmental issues and/or public sector economics. Contents: Foreword 1. Distribution and Environmental Policy 2. Distributional Weighting and Cost-Benefit Analysis 3. Choice Modelling and Distributional Preferences 4. Case Study: Design of Intergenerational Distribution Choice Experiment 5. Case Study: Results of Intergenerational Distribution Choice Experiment 6. Choice Modelling and Distributional Preferences: Challenges and Opportunities Bibliography Index

This book explores the complexities of what are tropical forests, what role they play not only in environmentalism but in trade, health care, and almost every facet of natural and social life for those living there and beyond. Although for most in the developed world tropical forests have gained a status of part of our world heritage, these forests are not really part of the global commons or a global public good. Developing nations maintain control over the forests within their borders and often use the forests as they see fit. The international system for mediating the issue is a fractured group of non-governmental organizations and transnational networks, often with competing views of how to manage tropical forests. Despite this seemingly grim picture, Marie-Claude Smouts is optimistic. A changing world view toward forest depletion is influencing countries both north and south. Although forests will be used commercially, it is a dynamic process that should maintain them far into the future.

The economic upturn and performance of Mauritius is a far cry from predictions made in the 1960s. The island's remarkable economic performance since the 1980s can been attributed to a multitude of factors instrumental to the success of the economy, including structural reforms, outward looking export orientated strategies, diversification in the manufacturing, tourism and financial services sectors amongst others, sound economic governance and institutions, and significant investment in human capital. This book attempts to provide a detailed analysis of the various key ingredients which have helped to propel Mauritius to its current status. The various chapters provide important readings for both academics and policymakers, with the final chapter providing key policy strategies which the government needs to implement to help Mauritius graduate to the next level of development: namely to that of a high-income economy and, in moving out of the middle-income trap, laying the foundations for future growth and shared prosperity in the light of both domestic challenges and global constraints.

Increasingly, natural environments are being changed by our activities, and potential human uses of natural resources are often incompatible with environmental protection goals. Travel cost models supply economic information to estimate values in environmental decision-making that otherwise are not available. In the absence of this information, non-market benefits are likely to be ignored in the decision-making process. An important question faced by policymakers centres around the appropriate mix of policies to provide a balance in the use of environments in their natural state versus commodity production. Appropriate analyses of rival policies regarding land usage depend on the availability of data on benefits and costs. This book provides indispensable guidance to the TCM (Travel Cost Method) methodology and its uses, as well as highlighting areas where further development is necessary. The book presents a self-contained treatment of TCM along with a wide range of applications to natural resource and environmental policy questions. It will be an indispensable tool for policymakers in both government and NGOs, natural resource site managers as well as academics and researchers.

The future of clean energy is no longer about science and technology; it's all about access to finance. The fossil fuel industry has been subsidized for decades with tax breaks and government backing, while renewables have struggled to compete. But now clean energy is the safe bet for investors, as is argued in Renewable Energy Finance: Powering the Future, edited by Dr Charles Donovan, Principal Teaching Fellow at Imperial College Business School.With a foreword by Lord Brown and contributions from some of the world's leading experts in energy finance, this timely book documents how investors are spending over US$250 billion each year on new renewable energy projects and positioning themselves in a global investment market that will continue to expand at double-digit growth rates until 2020. It documents first-hand experiences of the challenges of balancing risk and return amid volatile market conditions and rapid shifts in government policy.Renewable Energy Finance provides an insider's perspective on renewable energy transactions, and insight into how countries like the US, India and China are responding to the global energy challenge. Drawing together contributions from senior executives and leading academics, Renewable Energy Finance serves an audience of readers craving intelligent, practical perspectives on the future of clean energy investment.

This book addresses the relevance of geographical indication (GI) as a tool for local and socio-economic development and democratization of agri-food, with case studies from Asia, Europe and the Americas. A geographical indication is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. It provides not only a way for businesses to leverage the value of their geographically unique products, but also to inform and attract consumers. A highly contested topic, GI is praised as a tool for the revitalization of agricultural communities, while also criticized for being an instrument exploited by global corporate forces to promote their interests. There are concerns that the promotion of GI may hamper the establishment of democratic forms of development. The contributing authors address this topic by offering theoretically informed investigations of GI from around the world. The book includes case studies ranging from green tea in Japan, olive oil in Turkey and dried fish in Norway, to French wine and Mexican Mezcal. It also places GI in the broader context of the evolution and trends of agri-food under neoliberal globalization. The book will be of interest to researchers, policy makers and students in agri-food studies, sociology of food and agriculture, geography, agricultural and rural economics, environmental and intellectual property law, and social development.

The 2007-2008 financial crisis exposed the shortcomings of mainstream economic theory with economists unprepared to deal with it. In the face of this, a major rethinking of economics seems necessary and in presenting alternative approaches to economic theory, this book contributes to the rebuilding of the discipline. This volume brings together contributions from different perspectives and theoretical approaches that address the challenge of updating the economic theory corpus and seek to recover prestige for this discipline after the failure of neoclassical economics. It addresses a range of topics, including the complexity approach to economics, category theory, the Post-Keynesian approach to micro and macroeconomics, financialisation, multidimensional analysis and ecological economics. The book is aimed at economics scholars, researchers, academics and practitioners, as well as upper undergraduates and graduates in this area of knowledge. It may also be of interest for people interested in methodological issues in economics and the relationship between economic theory and the real world.

These investigations identify and clarify some basic assumptions and methodological principles involved in ecological explanations of plant associations. How are plants geographically distributed into characteristic groups? What are the basic conditions that organize groups of interspecific plant populations that are characteristic of particular kinds of habitats? Answers to these questions concerning the geographical distribution of plants in late 19th century European plant geography and early 20th century American plant ecology can be distinguished according to differing logical assumptions concerning the habitats of plant associations. Through an analysis of several significant case studies in the early history of plant ecology, Konopka distinguishes a logic of habitats that conceives of plant associations in an analogy to individual organisms with a logic that conceives of plant associations in a reciprocal relation to habitat physiography. He argues that a phenomenological conception of the logical attributes of habitats can philosophically complement the physiographic tradition in early plant ecology and provide an attractive alternative to standard reductionism and holism debates that persist today. This wide ranging and original analysis will be valuable for readers interested in the history and philosophy of ecology.

Deniers of climate change sometimes quip that claims about global warming are more about political science than climate science. They are wrong on the science, but may be right with respect to its political implications. A hotter world, writes Andrew Guzman, will bring unprecedented migrations, famine, war, and disease. It will be a social and political disaster of the first order.
In Overheated, Guzman takes climate change out of the realm of scientific abstraction to explore its real-world consequences. He writes not as a scientist, but as an authority on international law and economics. He takes as his starting point a fairly optimistic outcome in the range predicted by scientists: a 2 degree Celsius increase in average global temperatures. Even this modest rise would lead to catastrophic environmental and social problems. Already we can see how it will work: The ten warmest years since 1880 have all occurred since 1998, and one estimate of the annual global death toll caused by climate change is now 300,000. That number might rise to 500,000 by 2030. He shows in vivid detail how climate change is already playing out in the real world. Rising seas will swamp island nations like Maldives; coastal food-producing regions in Bangladesh will be flooded; and millions will be forced to migrate into cities or possibly "climate-refugee camps." Even as seas rise, melting glaciers in the Andes and the Himalayas will deprive millions upon millions of people of fresh water, threatening major cities and further straining food production. Prolonged droughts in the Sahel region of Africa have already helped produce mass violence in Darfur.
Clear, cogent, and compelling, Overheated shifts the discussion on climate change toward its devastating impact on human societies. Two degrees Celsius seems such a minor change. Yet it will change everything.

This book provides a systematic overview of transmission network investment in liberalized power markets. Recent government policies to increase the share of intermittent renewable power generation and other technological innovations present new theoretical as well as practical challenges for transmission investments. Written by experts with a background in both economics and engineering, the book examines the economic and technical fundamentals of regulated and merchant transmission investment, and includes case studies of transmission investment in a number of countries. The book is divided into four parts: Part 1 introduces the basic economics and engineering of transmission network investment, while Part 2 discusses merchant investment in the transmission network. Part 3 then examines transmission investment coordination and smart grids, and lastly, Part 4 describes practical experiences of transmission network investment in power market in various countries.

The Environmentalism of the Poor has the explicit intention of helping to establish two emerging fields of study - political ecology and ecological economics - whilst also investigating the relations between them. The book analyses several manifestations of the growing 'environmental justice movement', and also of 'popular environmentalism' and the 'environmentalism of the poor', which will be seen in the coming decades as driving forces in the process to achieve an ecologically sustainable society. The author studies, in detail, many ecological distribution conflicts in history and at present, in urban and rural settings, showing how poor people often favour resource conservation. The environment is thus not so much a luxury of the rich as a necessity of the poor. It concludes with the fundamental questions: who has the right to impose a language of valuation and who has the power to simplify complexity? Joan Martinez-Alier combines the study of ecological conflicts and the study of environmental valuation in a totally original approach that will appeal to a wide cross-section of academics, ecologists and environmentalists.

Using a philosophical and interdisciplinary approach, this book looks at how accountability can provide solutions to our current environmental and global political problems. When a social system has external elements imposed upon it, or presented to it, political problems are likely to emerge. This book demonstrates that what is needed are connecting social elements with a natural affinity to bring people together despite their differences. This book is different from others in the field. It provides new insights by critiquing the extant understandings of accountability and expands the possibilities by building on Charles Taylor's philosophies. Central to the argument of the book are perspectives on authenticity and expressivism which are found to provide a radical reworking of our understanding of being in the world, and a starting point for rethinking the way individuals and communities ought to be dealing politically with accountability and ecological crises. The argument builds to an accountability perspective that utilises work from interpretivism, liberalism, and postmodern theory. The book will be of interest to researchers in environmental philosophy, critical perspectives on accounting, corporate governance, corporate social reporting, and environmental accounting.

This handbook showcases the broad spectrum of diverse approaches to environmental accounting which have developed during the last 30 years across the globe. The volume covers a range of physical issues such as water, carbon and biodiversity, as well as specific accounting matters such as management control, finance and audit. Moreover, seven chapters present environmental accounting issues that arise in the regions of Africa, Asia, Europe, MENA, North America, the Pacific and South America. The handbook also highlights future challenges in all the topic areas addressed as well as introducing new topics, such as links between environmental accounting and the circular economy, and the issues associated with animal rights. Edited by leading scholars in the area and with key contributions from across the discipline, and covering a diverse range of perspectives and locations, the volume is divided into five key parts: * Part 1: Framing the issues * Part 2: Financial accounting and reporting * Part 3: Management accounting * Part 4: Global and local perspectives * Part 5: Thematic topics in environmental accounting This handbook will act as a significant publication in drawing together the history of the field and important reference points in its future development, and will serve as a vital resource for students and scholars of environmental accounting and environmental economics.

The Blue Economy is emerging on the global scene as a powerful and persuasive new concept for sustainable development based on economic activities associated with the ocean. Several regions globally have adopted this concept at national and regional levels, including the Caribbean. Given the complex, multisectoral and multilevel nature of the Blue Economy, it is clear that different approaches will be needed for different regions. Hence, this volume explores the opportunities, threats and risks involved in operationalising the Blue Economy in the Wider Caribbean Region, defined as northern Brazil to the USA and all mainland and island countries and territories in-between. The first part of the book looks at where the region stands in the global picture regarding adoption of the Blue Economy and what is planned. The second set of chapters examines key crosscutting issues such as ecosystem services, climate change and governance at national and regional levels that could make or break the Blue Economy initiative. The book then goes on to explore the main sectoral activities that will constitute the Blue Economies in the region: fisheries, tourism, shipping and transport, renewable energy, oil and gas, seabed mining and waste management are all considered. The book ends with a synthesis of the political and technical requirements to overcome threats and take advantage of opportunities in the Blue Economy.

'This book is a tremendous information resource, and Dr. Zimmerman is a true data ''guru''. Informed by her unique combination of interests, Transport, the Environment and Security represents a giant leap forward in understanding this previously understudied confluence of forces, encompassing topics as diverse as how transportation affects the environment and how security problems can affect transportation.' - Vicki Bier, University of Wisconsin-Madison, US 'Zimmerman's book is a much needed addition to our scientific understanding of the nexus between environment and security within a transportation context. Transportation networks (rail and road) are the quintessential American lifeline and disruptions through episodic natural hazards, terrorist activities, or longer term climate changes will have profound changes on society - presently and in the future. Zimmerman illustrates the synergies between environment, transport networks, security, social justice and urban places in a masterful and thoughtful synthesis that underscores the interdependencies within the transportation infrastructure, the nation's vulnerability to transport disruptions, and offers ideas for increasing the resilience of the transportation infrastructure. It will become a standard reference as we re-imagine transport in the 21st century under changing climate, security, environment, and living conditions.' - Susan L. Cutter, University of South Carolina, US 'Transportation planning and policy making have followed a particular model for more than fifty years. Rae Zimmerman begins with the premise that we are in a rut and that the old ways of thinking need to be replaced. An enormous amount of evidence is presented that together argues a strong case for the systematic integration of planning for transportation, the environment, and security. While the book does not get us to an integrated process, it points us to one and starts us down a creative path. A great introduction to the complexities of these relationships.' - Martin Wachs, RAND Corporation, US Effective means of transport are critical under both normal and extreme conditions, but modern transport systems are subject to many diverse demands. This path-breaking book uniquely draws together the typically conflicting arenas of transport, the environment and security, and provides collective solutions to their respective issues and challenges. From a primarily urban perspective, the author illustrates that the fields of transportation, environment (with an emphasis on climate change) and security (for both natural hazards and terrorism) and their interconnections remain robust areas for policy and planning. Synthesizing existing data, new analyses, and a rich set of case studies, the book uses transportation networks as a framework to explore transportation in conjunction with environment, security, and interdependencies with other infrastructure sectors. The US rail transit system, ecological corridors, cyber security, planning mechanisms and the effectiveness of technologies are among the topics explored in detail. Case studies of severe and potential impacts of natural hazards, accidents, and security breaches on transportation are presented. These cases support the analyses of the forces on transportation, land use and patterns of population change that connect, disconnect and reconnect people from their environment and security. The book will prove a fascinating and insightful read for academics, students, and practitioners across a wide range of fields including: transport, environmental economics, environmental management, urban planning, public policy, and terrorism and security.

Choice modelling is an area of growing popularity as many researchers and consultants seek to find better ways to explain the choices made by individuals, households and firms in many application contexts such as transportation, health services, environmental science, marketing, finance, economics, tourism, education, employment and taking a vacation. Choice modelling as a field begin as long ago as 1927 but it was the research in the 1960s and 1970s that cemented the field a dominant one for studying choice. This authoritative volume, along with an original introduction by the editors, brings together seminal papers that laid out the main features of the booming literature on discrete choice modelling. This timely collection will be of immense value to anyone with an interest in this evolving field of study.