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This book adds a whole new dimension to the editors' previous work
on the social, economic, and environmental effects of global trade.
For the first time it brings all three pillars of sustainability
together into one coherent multiregional input-output (MRIO)
framework. It shows the power of MRIO analysis to illuminate the
local and global interdependencies of economic, environmental, and
social systems and the benefits to be gained through analysing all
three together. Change one thing and everything else changes. With
chapters from around 60 researchers across 34 countries, this book
illustrates the effect of natural resources and government policy
settings 1990-2015 on the balancing act that was-and is-global
trade. It provides a holistic systems' view of how supply chains
work, revealing how easily they can become fragmented and out of
kilter. And within all the chaos of COVID-19 it shows how MRIO is
the one tool that can help rebuild a post-pandemic global economy
into a fairer, safer world.
The inclusion of qualitative social data into global environmental
and economic input-output (IO) models remained illusive for many
years. It was not until around 2013 that researchers found ways to
include data, for example, on poverty, inequality, and worker
safety, into IO models capable of tracing global supply chains. The
sustainable development goals have now propelled this work onto the
world stage with some urgency. They have shone a spotlight onto
social conditions around the world and brought global trade into
the frame for its ability to influence social conditions for good
or ill. This book provides a compilation of groundbreaking work on
social indicators from the most prominent IO research groups from a
wide range of academic backgrounds and from around the world. In
addition, it frames this work in the real world of politics, human
rights, and business, bringing together a multidisciplinary team to
demonstrate the power of IO to illuminate some of the world's most
pressing problems. Edited by well-known researchers in the area,
Joy Murray, Arunima Malik, and Arne Geschke, the book is designed
to appeal to a broad academic and business audience. While many
chapters include technical details and references for follow-up
reading, it is possible to omit those sections and yet gain a deep
appreciation of the power of IO to address seemingly intractable
problems.
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