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.

This book analyses the potentials and consequences of a change from production-based to consumption-based approaches in international climate policy. With the help of an analytical model, the author investigates the effects of different policy variants on environmental effectiveness, cost-effectiveness, carbon leakage, competitiveness and the global distribution of income. The economic, legal and political background and the often contradictory findings on consumption-based approaches are reviewed in great detail. In the final chapters, options for practical policy design are developed. The book concludes that a switch to consumption orientation is not a policy tool whereby industrialized countries can unilaterally improve climate policy effectiveness, but should rather be seen as a possible intermediate step on the way to a fully multilateral mitigation strategy.

This book provides authoritative and up-to-date research for anyone interested in the study of international environmental politics. It demonstrates how the field of international environmental politics has evolved and identifies key questions, topics and approaches to guide future research.

WAhrend das VerstAndnis, die Bearbeitung und die LAsung von existierenden Umweltproblemen sowie die Vermeidung neuer Probleme immer schwieriger werden, werden im gleichen Zuge die finanziellen Ressourcen immer knapper. Deshalb stellt sich die Frage nach dem Erfolg von MaAnahmen und nach den MAglichkeiten ihrer Steuerung und Verbesserung umso dringender. Die Erfolgskontrolle stellt eine Schnittstelle zwischen den Umweltnatur- und den Umweltsozialwissenschaften dar. So werden zu ihrer DurchfA1/4hrung einerseits ein detailliertes SystemverstAndnis von Problem und MaAnahme vorausgesetzt, andererseits sind die Formulierung von Zielen, die Ableitung geeigneter Erfolgskriterien und deren Bewertung eindeutig gesellschaftliche Prozesse. Aufgabe der Erfolgskontrolle ist es, diese Aspekte zu verbinden bzw. die Grundlagen hierfA1/4r zu schaffen. Erfolgskontrollen von umweltrelevanten AktivitAten spielen sowohl in Unternehmen als auch in staatlichen Institutionen eine wichtige Rolle.

This book unpacks the politics of climate change in Australia in the context of successive conservative Coalition governments resisting any moves to mitigate emissions and as local communities and transnational corporations struggle with each other to control the transition to a sustainable energy future. As Australia has abundant clean energy resources in terms of solar and wind, the book offers a test case for study of the energy policy transition in the 21st century. It does so by using tools from political economy and sociology, teasing out public attitudes to renewable energy technologies and innovative infrastructure investments, unpacking the complex parameters of this historical debate, tracing the rise of household 'prosumers' and arguing the case for grassroots ownership of renewable infrastructure or 'energy sovereignty' - already pioneered by some isolated communities in Australia. The cultural and emancipatory benefits of cooperative ventures are well known. However, capitalism is not readily defeated by democracy. The promotion of individual households as 'virtual power stations', of 'smart technologies' and even of cryptocurrency into the energy transition innovative mix opens up ever new horizons for corporate control.

As cities are rapidly expanding and encroaching into agricultural and natural areas, a question of primary concern is how this expansion affects surrounding agriculture and natural landscapes. This book presents a wide spectrum of both theoretical and empirical approaches to simulation and assessment of landscape dynamics. The first part presents state-of-the-art modelling approaches pertaining to land-use changes entailed by the urban sprawl, at different spatial resolutions and temporal time scales. The second part is dedicated to case studies of the effects and consequences of the emerging urban-agriculture open space patterns.

This book discusses the economic, political, and environmental issues surrounding the international exploration and exploitation of conventional and unconventional natural gas. Shale gas development in recent years has changed the energy discussion in the US as existing reserves of natural gas coupled with horizontal drilling and hydraulic fracturing make exploitation of these reserves economically feasible; the discussion is quickly becoming international in scope. The potential expansion of natural gas development impacts many regions of the globe and spans multiple perspectives. In a volatile international climate, one of intense geopolitical conflict between Russia and the West, economic slowdowns in Europe and China, military conflicts in the Middle East and northern Africa, and widening income disparity in the U.S., a relatively inexpensive and plentiful energy source like shale gas could play a key role in mitigating such conflicts. In an energy interdependent global community, however, multiple factors such as oil prices, differing rates of exploration, environmental concerns, strategic initiatives, institutional changes, legal and regulatory issues, and actions of the nations involved all have the potential to influence future outcomes. This book discusses each of these in turn, detailing the issues most prevalent in each geographical area. The first volume to provide a comprehensive global view of the impacts of shale gas development, this book fills a gap in the current research literature, providing vital information for the scholarly community and the public alike. This book will be of interest to researchers and students of economics, energy policy, public administration, and international relations as well as policy makers and residents of the regions that are experiencing shale gas development.

Greening Auto Jobs: A Critical Analysis of the Green Job Solution details current and problematic understandings of what constitutes a "green job." Adopting an approach grounded in critical political economy, this book presents a framework to scrutinize the green job solution and the theoretical framework which overwhelmingly informs contemporary green job creation efforts and ecological modernization. The text also explores the tensions that encircle the world of work and environmental action, often referred to as "jobs versus the environment," by detailing the conflicting commitments of political-economic actors to the idea of green job creation. These conflicts are outlined through an examination of the political-economic debate that has surrounded the Australian Government s environmental plans from 2008 to 2012 and the conflicting positions of Australian trade unions on environmentally transitioning the world of work. Interviews with key political-economic actors provide in-depth and nuanced understandings of the varied perspectives of political and union leaders in Australia. The second part of the book presents a detailed case study of the posited green job solution within the specific context of the Australian automotive manufacturing industry. The case study is also informed by interviews with key industry, union, and policymakers. The automotive industry is scrutinized not only because it has expressed going green as important to its long-term economic future, but because the Australian Government declared that its $6.2 billion "New Car Plan for a Greener Future" policy would create green jobs. Therefore, the book engages with the task of examining the three multinational vehicle producers operating in Australia Ford, GM Holden, and Toyota and how they have responded and engaged with the idea of green jobs, greening the manufacturing process, and the vehicles they produce in Australia."

1 Zusammenfassung.- Konzept der Studie.- Moeglichkeiten und Grenzen der Kombination beider Ansatze.- Ergebnisse.- Sachbilanz Top-down-Ansatz (Momentaufnahme 1991).- Sachbilanz Bottom-up-Ansatz (Bestandsmodell).- Gegenuberstellung der Ergebnisse.- Eingebrachte Problemstoffe.- Trendfortschreibung.- Leitbilder fur den Baubereich.- 2 Methodischer Ansatz.- 2.1 Bottom-up-Ansatz: Das Modell des Gebaudebestands.- 2.1.1 Stoffflussrelevante Beschreibung des Bestandes in Nutzungs-und Altersklassen.- 2.1.2 Aufbau des Dynamischen Gebaudebestandsmodells.- 2.1.3 Zustand des Bestands - Alterung von Gebauden.- 2.2 Top-down-Ansatz.- 2.2.1 Berechnung kumulierter Groessen im Top-down-Ansatz.- 2.2.2 Vor-und Nachteile des Top-down-Ansatzes.- 2.2.3 Erganzende Erlauterungen zur Vorgehensweise und Datenbasis beim Top-down-Ansatz.- 2.3 Methodik und Datenbasis fur die Bestimmung der eingebrachten Problemstoffe.- 2.3.1 Vorgehensweise.- 2.3.2 Datenquellen und Datenqualitat.- 2.4 Systemgrenzen.- 2.5 Gegenuberstellung des Top-down und Bottom-up-Ansatzes.- 2.6 Sachbilanz.- 2.7 Szenario.- 3 Ergebnisse der Sachbilanz.- 3.1 Bottom-up-Ansatz.- 3.1.1 Stofflager.- 3.1.2 Stoffstroeme.- 3.1.3 Flachen.- 3.1.4 Energie.- 3.1.5 Emissionen und Umweltindikatoren.- 3.1.6 Kosten.- 3.2 Stoffstroeme, Energiestroeme, Luftschadstoffemissionen und Kosten - Top-down-Ansatz.- 3.2.1 Methodik.- 3.2.2 Erstellung der Sachbilanzen.- 3.2.3 Bestimmung jahrlich anfallender Mengen an Abfallen aus den Bereichen "Bauen und Wohnen" fur verschiedene Jahre, Angaben uber weiterverwertete und weiterverwendete Anteile.- 3.2.4 Die Kosten im Sektor "Bauen und Wohnen" im Spiegel der Statistik.- 3.2.5 Zusammenfassung der Ergebnisse.- 3.3 Eingebrachte Problemstoffe.- 3.3.1 Aufgabenstellung.- 3.3.2 Allgemeiner Untersuchungsgang.- 3.3.3 Vorgehensweise und Begrenzungen.- 3.3.4 Stofflisten und Problemstofffrachten.- 3.3.5 Ausgewahlte Stoffe.- 3.3.6 Ausgewahlte Tatigkeitsbereiche und zugeordnete Problemstoffe.- 3.3.7 Problemstoffe im Bauschutt.- 3.3.8 Zusammenfassung und Kommentar.- 3.4 Bilanzierung und Diskussion der Ergebnisse der Bottom-up und Top-down-Ansatze.- 3.4.1 Stoffstroeme.- 3.4.2 Energie und Umweltbelastungen.- 3.5 Vergleich mit anderen Studien.- 3.5.1 Stoffstroeme.- 3.5.2 Kosten.- 3.6 Internationaler Vergleich.- 3.7 Landschafts-und Bodenverbrauch.- 3.7.1 Flacheninanspruchnahme durch Wohnungsbauflachen.- 3.7.2 Katasterdaten.- 3.7.3 Baufertigstellungen und Baugenehmigungen.- 3.7.4 Stadtebauliche Strukturtypen und ihr Flachenbedarf.- 4 Szenario.- 4.1 Modellannahmen.- 4.2 Diskussion der Ergebnisse.- 4.3 Kommentar zum Szenario.- 5 Strategische UEberlegungen zur Bestandsbewirtschaftung.- 6 Forschungsbedarf.- 6.1 Methodische Probleme.- 6.2 Untersuchungsbereich.- 6.3 Regionale Erfassung.- 6.4 Gebaudebestand.- 6.4.1 Beschreibung der Gebaude.- 6.4.2 Abriss, Entsorgung, Recycling.- 6.5 Externe Kosten.- 6.6 Bautatigkeit und Baukosten.- 6.7 OEkobilanzen von Baustoffen.- 6.8 Problemstoffe.- 6.9 Datenlage.- 7 Ziele, Massnahmen und Instrumente fur eine nachhaltige Entwicklung im Sektor "Bauen und Wohnen".- 7.1 Nachhaltigkeit im Bereich Bauen und Wohnen - Ziele und gegenwartige Entwicklungstrends.- 7.2 Handlungsfelder fur eine nachhaltige Politik im Sektor "Bauen und Wohnen".- 7.3 Perspektiven zur Fortschreibung des Bestands.- Anhang A: GISBAU-Inhaltsstoffe.- Anhang B: BUWAL-Zusatzstoffe.- Anhang C: Problemstoffe im Bauschutt.

This book analyses the economic history of the nuclear program in Spain, from its inception in the 1950s to the nuclear moratorium in the early 1980s, and investigates the economic, financial and business origins of atomic energy in Spain. The actual dimension of the Spanish nuclear sector, which exceeded the relative economic and political clout of the country at the time, reflects the combination of domestic and foreign interests. Each contribution inserts the Spanish case within the international development of nuclear energy, but also shows how the Spanish nuclear program came about, how it was financed, and who the main architects and beneficiaries at the industrial, financial, commercial and banking levels were; all without losing sight of the energy policy aspects such as energy mix and energy security. The volume provides useful analysis and sources for a variety of core fields across the social sciences including economic history of post-war Europe, industrial and energy policy, international relations and history of technology.

This book offers a theoretical model of feed-in tariffs and provides different investigations into the promotion of renewable energy. The first part of the book proposes a model to investigate feed-in tariffs, that is, how to set a price for the electricity generated from renewable energy sources and fed into the power grid. The second part examines other important features of renewable energy development, such as uncertainty, diffusion of innovation, partnership among relevant parties, and community. Aiming for applicable results, this book provides a theoretical basis for the design of an effective, efficient, and tractable system for promoting renewable energy. This book is meant for researchers, policy makers, graduate students, and anyone interested in the economic and social aspects of renewable energy development.

This book presents a socio-economic analysis of the issues linking technological innovation in providing arsenic-safe drinking water in rural areas. It presents concrete field based experiences of experiments and case studies depicting the plight and sufferings of people due to failed technological deployment strategies over the past two decades in West Bengal, the most arsenic-exposed state in India and also the first to act for remediation of the crisis. One of the greatest challenges in arsenic-exposed zones is to provide sustainable access to reliably arsenic-safe free water. For nearly twenty years the Government of India and national water distribution institutions in collaboration with multi-lateral funding agencies have sought to pump in money, push technology collected through global tenders, and enlist the support of non-governmental organizations (NGOs), but their efforts have yielded little success. This book is the outcome of the authors' intensive fieldwork, guided by the conceptual framework of the latest literature on environmental economics and consumer behaviour. It presents a framework and estimates based on field level primary data. Secondary official source-based data are also collated from various scattered sources into a valuable, comprehensive collection. Lastly, the book includes a revealing analysis of factors affecting households' participation.

The Mekong River has been a main source of conquest, conflict, and cooperation in the Southeast Asian region. Much has been written on the vital and critical importance of the Mekong River fresh water to the sustainable economic development of the Mekong Delta.This book selects the Mekong Delta as a case study of regional cooperation for water and food security for not only for Vietnam but also for the world in a new century of global economy. It focuses not only on the Mekong Delta as an integral part of the River but also on Can Tho City and its 12 provinces that produce over 50 percent of the country s rice output and 60 percent of total fishery output. The book takes a micro approach to examine how each province is adapting to the twin threats of mainstream dams construction and climate change, reducing fresh water flows and increasing saline infusions on its present and future economy. Finally, it reviews the roles of international institutional arrangements, namely the Mekong Committee and the Mekong River Commission, in promoting regional cooperation among the riparian states for political and economic development of the Mekong Delta."

This book is a guide to how financial steering is designed, measured and implemented with a special focus on the energy industry. The authors offer an overview of and practical insights into the links between financial steering and accounting, and the temporary cycles of investment, divestment, return and loss, market highs and lows that form the framework of the entire energy industry across all value chain stages. The faster and the larger the cash cycles of investments and their returns, the greater not only the value created, but also the potential loss if the financial steering is not properly designed and managed. Value and value generation require an understanding of how value is both defined and measured in both and how the business/project economics model of a company works - financial steering provides this. Further, the book also discusses accounting topics such as impairments, new IFRS standards and the impact of accounting on key performance indicators of financial steering, which are associated with these investment decision valuations. The combination of accounting with the cash flow perspective provides a complete understanding of selected practical topics of financial steering which are explained in detail in a large number of examples and case studies. The book is intended for a wide range of finance/controlling/treasury/accounting professionals and students. It is written in practical and simple terms to outline the financial steering concept and to bring it to life in daily work and in the decision making process for financial steering. All illustrated concepts are in the same manner relevant and applicable to all other asset-intense industry sectors and their financial steering processes.

This book is published open access under a CC BY 4.0 license. This book summarizes presentations and discussions from the two-day international workshop held at UC Berkeley in March 2015, and derives questions to be addressed in multi-disciplinary research toward a new paradigm of nuclear safety. The consequences of the Fukushima Daiichi nuclear accident in March 2011 have fuelled the debate on nuclear safety: while there were no casualties due to radiation, there was substantial damage to local communities. The lack of common understanding of the basics of environmental and radiological sciences has made it difficult for stakeholders to develop effective strategies to accelerate recovery, and this is compounded by a lack of effective decision-making due to the eroded public trust in the government and operators. Recognizing that making a society resilient and achieving higher levels of safety relies on public participation in and feedback on decision-making, the book focuses on risk perception and mitigation in its discussion of the development of resilient communities.

This comprehensive handbook provides a unique overview of the theory, methodologies and best practices in climate change communication from around the world. It fosters the exchange of information, ideas and experience gained in the execution of successful projects and initiatives, and discusses novel methodological approaches aimed at promoting a better understanding of climate change adaptation. Addressing a gap in the literature on climate change communication and pursuing an integrated approach, the handbook documents and disseminates the wealth of experience currently available in this field. Volume 2 of the handbook provides a unique description of the theoretical basis and of some of the key facts and phenomena which help in achieving a better understanding of the basis of climate change communication, providing an essential basis for successful initiatives in this complex field.

This book provides a comprehensive overview of current renewable energy technologies and their basic principles. It also addresses the financial aspects of renewable energy projects and analyzes their profitability, covering the most relevant topics for engineers, economists, managers and scientists who are actively involved in renewable energy research and management. The authors are professionals and researchers who are active in the industry, and supplement the main content with revealing case studies and best-practice examples.

That America's natural environment has been degraded and despoiled over the past 25 years is beyond dispute. Nor has there been any shortage of reasons why-short-sighted politicians, a society built on over-consumption, and the dramatic weakening of environmental regulations.
In Retaking Rationality, Richard Revesz and Michael Livermore argue convincingly that one of the least understood-and most important-causes of our failure to protect the environment has been a misguided rejection of reason. The authors show that environmentalists, labor unions, and other progressive groups have declined to participate in the key governmental proceedings concerning the cost-benefit analysis of federal regulations. As a result of this vacuum, industry groups have captured cost-benefit analysis and used it to further their anti-regulatory ends. Beginning in 1981, the federal Office of Management and Budget and the federal courts have used cost-benefit analysis extensively to determine which environmental, health, and safety regulations are approved and which are sent back to the drawing board. The resulting imbalance in political participation has profoundly affected the nation's regulatory and legal landscape. But Revesz and Livermore contend that economic analysis of regulations is necessary and that it needn't conflict with-and can in fact support-a more compassionate approach to environmental policy. Indeed, they show that we cannot give up on rationality if we truly want to protect our natural environment.
Retaking Rationality makes clear that by embracing and reforming cost-benefit analysis, and by joining reason and compassion, progressive groups can help enact strong environmentaland public health regulation.

This edited book brings together in one place new studies of rural-urban interactions and their implications for regional growth and development in different regions within Asia. Specifically, the individual chapters in the book shed light on the different kinds of rural-urban interactions that we witness in Asian regions, particularly those that are based on migration, poverty, inequality, education, economic dependence, and the flow of goods and services. The book departs from the existing literature in three ways. First, it explicitly recognizes that different kinds of rural-urban interactions have dissimilar impacts on the lives and hence on the welfare of the residents of rural and urban regions. Second, the book emphasizes the varied spatial and temporal dimensions of the interactions and the ways in which these dimensions influence rural and urban societies. Third, this book demonstrates the ways in which an understanding of the preceding two points contributes to our knowledge about economic growth and development. Because Asia is the fastest-growing and most dynamic continent in the world today, the research delineated in the individual chapters of the book provides practical guidance concerning two salient questions. First, how do we effectively address the economic development challenges stemming from the interactions between alternate rural and urban regions within Asia? Second, how do we ensure that the policies we design to address these challenges give rise to broad-based economic growth and development that is sustainable?

Challenging views prevalent among Western and Polish scholars, this book explains Poland's surprising success in developing effective environmental and occupational regulatory systems while achieving remarkable socioeconomic growth, despite the toxic legacy of the Communist era. It offers rich insights into the questions of how one can achieve both economic growth and improved environmental and safety protection, and of the extent to which regulatory systems can be transferred across national and cultural boundaries. The authors develop a theoretical framework for assessing regulatory success, then use it to analyze Poland's recent experience. Grounded in five case studies of recently privatized firms, the analysis also presents a new survey of privately owned firms, extensive policy and data analysis, and interviews with key policy leaders, entrepreneurs, and intellectuals. The book points to case-specific decision making and information richness as key dimensions of an effective regulatory system and considers in depth the extent to which information richness is culturally dependent, and hence its portability as a policy tool. Addressing regulatory issues that are specific to both the United States and the international development community, the book makes a significant contribution to advancing the theoretical and conceptual frameworks used to explain the success, or lack of success, of regulatory systems.

The brave new world of environmental economics--complete with pollution markets, emission brokers, and commodity auctions of emission allowances--has been developing in the U.S. for several decades. This book traces the evolution of such environmental management techniques in industrial Philadelphia. Initially as a greene country towne, the city's development led to significant pollution concerns, including rivers filled with sewage, typhoid deaths, and smoky plumes from coal combustion. Technological pollution controls improved conditions, but blunt regulatory tools eventually evolved into more refined economic approaches.

This book describes that transition and the economic mechanisms that have emerged in recent decades, as well as prospective markets for ozone precursors, greenhouse gas emissions, and environmental risk (potentially offering what one pundit labeled cancer futures). In doing so, it presents a comprehensive overview--from old to new--of urban environmental management.

Everyone has heard of environmentalism, but what is it? Is it ideology or religion? Like socialism, environmentalism is a political program, but even more diffuse. Environmentalists hold diverse opinions, from wanting to take care of nature in human interest to putting nature above man. The latter is religious environmentalism, with nature taking the place of the supernatural. This book is a critique of this type of environmentalism, appropriately named ecofundamentalism. This may be a minority or even marginal opinion, but it seems to shape people's thinking to an unwarranted degree. In the worst of cases, it would bring the end of civilization as we know it. Without massive monocultures, supported by pesticides and fertilizer, we could never feed ourselves. Almost 90 percent of our primary energy comes from fossil fuels, without which there would be no air travel, cars and trucks, reliable electricity, and even much of our food supply. Putting a premium on biodiversity and getting serious about greenhouse gas emissions would force us to go without these things, putting us back in the Middle Ages. Fortunately, there is no need to heed any of these environmentalist prescriptions. Contrary to the notion that economic growth is unsustainable and our core problem, it is actually the core solution. Economic growth and technology has made it possible for food production to outpace population growth since the industrial revolution. Economic growth is one reason why population growth worldwide has fallen so that the "population bomb" may never explode. It has also made us largely independent of the weather except for growing our crops. Meanwhile, ecofundamentalism would cause more harm than good.

This book explores how African countries can convert their natural resources, particularly oil and gas, into sustainable development assets. Using Ghana, one of the continent's newest oil-producing countries, as a lens, it examines the "resource curse" faced by other producers - such as Nigeria, Angola, and Equatorial Guinea - and demonstrates how mismanagement in those countries can provide valuable lessons for new oil producers in Africa and elsewhere. Relying on a broad range of fieldwork and policymaking experience, Panford suggests practical measures for resource-rich developing countries to transform natural resources into valuable assets that can help create jobs, boost human resources, and improve living and working conditions in Ghana in particular. He suggests fiscal, legal, and environmental antidotes to resource mismanagement, which he identifies as the major obstacle to socioeconomic development in countries that have historically relied on natural resources.

This book assesses the structure of projects under the Clean Development Mechanism (CDM) of the Kyoto Protocol. It explains why, instead of the expected bilateral structure where a company from an industrialized country invests in a project in a developing country and receives the emission reduction credits in return, a unilateral structure prevails whereby a company from a developing country finances the emission reduction project itself and sells the emission reduction credits. The book arrives at three fundamental, interconnected, conclusions: CDM is logically a unilaterally driven investment activity; CDM investment is an irrelevant compliance instrument for companies from industrialised countries and that this state of affairs is unlikely to change post 2012; and CDM thrives in less equal and less ambitious post-2012 climate regimes. Unique in its analysis of corporate views on investment in CDM projects, this book will find widespread appeal amongst climate policy analysts, company representatives involved in developing CDM acquisition strategies and climate policymakers. It will also be of interest to anyone involved in the study of climate change, emissions reduction and trading and carbon markets.

The Great East Japan Earthquake of March 2011 left the entire world in a state of shock. The international community was unable to fathom how a major economic power, with one of the most extensive natural disaster preparedness programs in the world, could be laid bare to such destruction. Even other highly developed countries began questioning their own abilities to handle natural disasters. Different nations have faced disasters of varying intensity throughout history, and it is in the best interests of the global community to share experiences and wisdom in order to minimize damage wrought by future catastrophes.
Based on conference proceedings presented at The Chinese University of Hong Kong in November 2012, Natural Disaster and Reconstruction in Asian Economies offers leading insight into and viewpoints on disasters from scholars and journalists working in Japan, China, the United States, and Southeast Asia. Yau Shuk-ting focuses on a broader scope of disasters, such as political, economic, social, cultural, and environmental crises, as well as psychological traumas. This work gathers together international wisdom from a variety of perspectives in the hope that nations will be better able to manage future disasters and their economic and cultural fallout.