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Nature's Frontiers
The great expansion of economic activity since the end of World War II has caused an unprecedented rise in living standards, but it has also caused rapid changes in earth systems. Nearly all types of natural capital—the world’s stock of resources and services provided by nature—are in decline. Clean air, abundant and clean water, fertile soils, productive fisheries, dense forests, and healthy oceans are critical for healthy lives and healthy economies. Mounting pressures, however, suggest that the trend of declining natural capital may cast a long shadow into the future.Nature’s Frontiers: Achieving Sustainability, Efficiency, and Prosperity with Natural Capital presents a novel appr...
Controlling Contagion
"From the Black Death to Covid, infectious diseases have killed far more people than hunger or violence, and they still cause 40 per cent of deaths in developing countries today. Epidemic disease is one of our best laboratories for exploring how societies deal with negative externalities-a cost not paid wholly by oneself, but instead discharged partly onto other people. Once an epidemic is raging, it raises three challenges for society which this book seeks to address. First, what institutions help care for the victims? Second, what institutions help societies recover from the huge economic devastation caused by mass disease, disability, and death? And finally, how are institutions themselve...
Water Governance and Management in India
This book, the second volume in the series, continues to raise contextual issues and presents perspectives regarding multifaceted challenges in management and governance of water in India. This volume attempts to broad base and expand the dialogue started in the first volume and would touch upon issues that need immediate discussion but have been left unattended like politics and management of groundwater, efficient utilization of water in agriculture (irrigation) and improving water use efficiency and building resilience. As in the first volume, this book presents a set of suggestions and recommendations in each chapter that can help frame policy guidelines in the country.
Detox Development
Clean air, land, and oceans are critical for human health and nutrition and underpin much of the world's economy. Yet they suffer from degradation, poor management, and overuse due to government subsidies. 'Detox Development: Repurposing Environmentally Harmful Subsidies' examines the impact of subsidies on these foundational natural assets. Explicit and implicit subsidies--estimated to exceed US$7 trillion per year--not only promote inefficiencies but also cause much environmental harm. Poor air quality is responsible for approximately 1 in 5 deaths globally. And as the new analyses in this report show, a significant number of these deaths can be attributed to fossil fuel subsidies. Agricul...
World Development Report 2023
Migration is a development challenge. About 184 million people—2.3 percent of the world’s population—live outside of their country of nationality. Almost half of them are in low- and middle-income countries. But what lies ahead? As the world struggles to cope with global economic imbalances, diverging demographic trends, and climate change, migration will become a necessity in the decades to come for countries at all levels of income. If managed well, migration can be a force for prosperity and can help achieve the United Nations’ Sustainable Development Goals. World Development Report 2023 proposes an innovative approach to maximize the development impacts of cross-border movements ...
Climate Challenges in Fragile and Conflict-Affected States
Fragile and conflict-affected states (FCS) already face higher temperatures than other countries and will be more exposed to extreme heat and weather events going forward. Using innovative approaches, the paper finds that in FCS, climate vulnerability and underlying fragilities—namely conflict, heavy dependence on rainfed agriculture, and weak capacity—exacerbate each other, amplifying the negative impact on people and economies. FCS suffer more severe and persistent GDP losses than other countries due to climate shocks because their underlying fragilities amplify the impact of shocks, in particular in agriculture. At the same time, climate shocks worsen underlying fragilities, namely conflict. Macro-critical adaptation policies are needed to facilitate the immediate response to climate shocks and to build climate resilience over time. Sizeable and sustained international support—especially grants, concessional financing and capacity development—is urgent to avoid worse outcomes, including forced displacement and migration. The IMF is stepping up support to FCS in dealing with climate challenges through carefully tailored policy advice, financing, and capacity development.
South Asia Economic Focus
South Asia is facing renewed challenges. The impact of the Russia-Ukraine war on food and energy prices on domestic inflation is long-lasting. Externally, countries’ current account balances deteriorate rapidly as imports rise on the back of economic recovery and rising inflation, remittances decline, and foreign capital flows out following monetary tightening in advanced economies. An economic slowdown in advanced economies and trading partners can also be a drag to the exports sector and remittances inflows, which many countries in the region depend on. These immediate challenges can translate to persistent deterrent to long-term growth and development. Higher energy prices already are c...
SIMPLE-G
This is an open access book. Crafted for both the economist and the curious mind, this book introduces a novel approach to blending economic and biophysical sciences to enable multi-scale analysis of a range of sustainability challenges confronting the world's land and water resources at both local and global scales. It focuses specifically on the interface between the environment and food systems, utilizing economic theory to structure the overall framework. However, within the SIMPLE-G framework, there is ample room to incorporate fine-scale biophysical knowledge from agronomy, climate science, ecology, geography, hydrology, as well as a range of socioeconomic considerations. This enables ...
Blue Skies, Blue Seas
While economic and social indicators in many Middle East and North Africa (MENA) countries have improved over the past three decades, the region’s blue natural assets—clean air, healthy seas, and coastlines—have degraded virtually everywhere. Air pollution levels in the region’scities are among the highest in the world. Per capita marine plastic pollution is among the highest in the world; coastal erosion rates are the second fastest in the world. These combined challenges threaten local communities, livelihoods, and economies. In fact, the economic cost of MENA’s deteriorating skies and seas is estimated at more than 3 percent of GDP per year.Blue Skies, Blue Seas: Air Pollution, ...
Climate Crisis and Creation Care
This volume considers the interconnectedness of all creatures in relation to our planetary boundaries. Through our constant consumption of resources, we have had a distinctly negative impact on the world around us—affecting everything from the weather, food availability, sea levels and the social fabric of our society. This book explores how we arrived at such an unstable world and offers ecological, theological and economically sustainable solutions to a global crisis.
