Designed specifically for students of economics, business economics, and allied areas at the undergraduate and postgraduate level, this book includes specially contributed articles by acknowledged experts of the discipline from all over the world. It covers critical areas like theory of externalities and market failure, valuation and accounting of environmental impacts, economic instruments for industrial pollution and environmental resources, poverty and environmental degradation, and corporate environmental management. The book also explores how to make development more sustainable, micro economics for ecological sustainability, and environmental policy in open economies.

Sustainable Economic Development: Resources, Environment, and Institutions presents 25 articles that lay the foundations of sustainable development in a way that facilitates effective policy design. The editors mix broad thematic papers with focused micro-papers, balancing theories with policy designs.The book begins with two sections on sustainable development principles and practice and on specific settings where sustainable development is practiced. Two more sections illuminate institutions, governance, and political economy. Additional sections cover sustainable development and agriculture, and risk and economic security, including disaster management. This rich source of information should appeal to any institution involved in development work, and to development practitioners grappling with an array of difficult on-the-ground developmental challenges. - Analyzes policies that move markets and resource use patterns towards achieving sustainability - Articles are kaleidoscopic in scope and creativity - Authors embody extraordinary diversity and qualifications

Publisher description

This book honours Partha Dasgupta, and the field he helped establish; environment and development economics. It concerns the relationship between social systems and natural systems. Above all, it concerns the poverty-environment nexus: the complex pathways by which people become or remain poor, and resources become or remain overexploited.

Environment and Development: Basic Principles, Human Activities, and Environmental Implications focuses on the adverse impact that human activities, developments, and economic growth have on both natural and inhabited environments. The book presents the associated problems, along with solutions that can be used to achieve a harmonic, sustainable development that provides for the co-existence of man and natural life. Chapters provide detailed information on a range of environments including: atmospheric, aquatic, soil, natural, urban, energy, and extraterrestrial, as well as the relationship between the environment and development. In addition, this comprehensive book presents the latest research findings and trends in global environmental policy for each issue. - Offers a discussion of the extraterrestrial environment and waste in earth orbit as one of the distinctive topics of the book - Addresses global environmental policy issues and policies - Presents tabulated data to support the analysis and explain the issues presented - Includes case studies covering many topics of current interest - Analyzes environmental issues and proposes solutions grounded in recent research findings - Discusses the various interpretations of the development concept as well as alternative pathways to sustainable development