Sustainable Growth and Resource Productivity
Subtitle: Economic and Global Policy Issues
By: editors, Paul Welfens, ZhongXiang Zhang
Contributors: Welfens, Paul, editor; Zhang, ZhongXiang, editor
Edition: First edition.
Publisher: Taylor and Francis
Published: 2017
Place of publication: London
Language: eng
Number of pages: 360
ISBN-13: 9781351279208
Subjects: Natural resources; Management; Industrial efficiency; Environmental aspects; Sustainable development; International cooperation; Ressources naturelles; Gestion; Efficience dans l'industrie; Aspect de l'environnement; Développement durable; Coopération internationale
Description: Presents an overview of global issues of raw materials supply and resource use. This book also introduces views and perspectives on the sustainable growth of emerging economies and develops a rationale for resource economics.
Notes: "Written by international experts in their respective fields, Sustainable Growth and Resource Productivity provides a comprehensive overview of global issues of raw materials supply and resource use. It also introduces new views and perspectives on the sustainable growth of emerging economies and develops a rationale for a new resource economics. This book emphasises why resources are back on the agenda: firstly, because of their fundamental economic role in technological progress and long-term prosperity; secondly, because deficits in raw material markets are now intertwined with deficits in the financial markets; and, thirdly, because the sustainable management of natural resources is a crucial element in responses to new global challenges such as climate change. Sustainable Growth and Resource Productivity analyses raw materials supply and resource use in a global context. The contributions present state-of-the-art results and perspectives on the availability of resources and discuss factors such as limited supply, demand from emerging and other economies and the critical shortage of some materials - particularly some metals - that are essential inputs in many high-tech processes and may put certain industries at risk. Sustainable Growth and Resource Productivity sheds new light on the economics of sustainable growth. Linking the current financial crisis with stock market pricing and innovation dynamics, it argues for reforms in international macro-economic policies. It also critically discusses the implications of valuing labour productivity over capital and resource productivity and argues that policies favouring capital productivity will increase both social and economic sustainability. Further contributions are made on the business dimensions of material efficiency as well as on policy recommendations. The book examines the overall empirical trend towards decoupling resource use from economic growth. It undertakes a rigorous cross-country comparison and looks in more detail at the cases of Finland and Greece, as well as at emerging economies and their role in the global governance of natural resources. A key focus is placed on China, with discussion of recent findings regarding Chinese domestic policy on energy, climate and resources as well as on developing Chinese foreign policy in Africa. The book concludes with the positing of a new theory of resource economics: an emerging sub-discipline that puts resources at its heart but clearly aligns with other fields of economics, and transcends the borderlines of geology, geography, material science, recycling and waste, as well as elements of other social sciences. This important new book will be essential reading for economic researchers, governmental officials, businesses and NGOs with an interest in understanding the policy links to sustainable growth and in learning more about the emerging field of resource productivity."--Provided by publisher
Table of contents: title: Part, I Raw materials supply and resource use from a global perspective --; title: chapter Introduction  -- Raimund Bleischwitz Paul J.J. Welfens ZhongXiang Zhang; title: chapter 1 Will the mining industry meet the global need for metals?  -- Magnus Ericsson; title: chapter 2 Global resource use in a business-as-usual world up to 2030 --; title: Updated results from the GINFORS model  -- Christian Lutz Stefan Giljum; title: chapter 3 Development and growth in mineral-rich countries 1  -- Thorvaldur Gylfason; title: chapter 4 The physical dimension of international trade, 1962-2005 --; title: Empirical findings and tentative conclusions  -- Monika Dittrich; title: chapter 5 Defining critical materials  -- Thomas E. Graedel; title: part, II The economics of resources and sustainable growth --; title: chapter 6 Explaining oil price dynamics  -- Paul J.J. Welfens; title: chapter 7 Technological catch-up or resource rents? --; title: A production frontier approach to growth accounting 1  -- Natalia Merkina; title: chapter 8 Socio-ecological market economy in Europe --; title: Interrelations between resource, labour and capital productivity  -- Erich Hoedl; title: chapter 9 Why do companies ignore economic efficiency potentials? --; title: The need for public efficiency awareness  -- Mario Schmidt; title: part, III Empirical analysis of resource productivity: trends and drivers --; title: chapter 10 Decoupling GDP from resource use, resource productivity and competitiveness --; title: A cross-country comparison 1  -- Sören Steger Raimund Bleischwitz; title: chapter 11 Anxiety and technological change --; title: Explaining the decline of sulphur dioxide emissions in Finland since 1950  -- Jan Kunnas Timo Myllyntaus; title: chapter 12 Greece's fossil fuel use in 2006 --; title: A production, consumption and supply-chain analysis 1  -- Eleni Papathanasopoulou; title: part, IV Global policy issues --; title: chapter 13 China and India's global demand for resources --; title: Key inferences on international energy security and Africa's development  -- Jennifer Li; title: chapter 14 Asian energy and environmental policy --; title: Promoting growth while preserving the environment 1  -- ZhongXiang Zhang; title: chapter 15 The rationale for and economic implications of dematerialisation -- Paul Ekins.