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Sustainable Growth and Resource Productivity: Economic and Global Policy Issues
Edited by Raimund Bleischwitz, Paul J.J. Welfens and ZhongXiang Zhang

360+vi pp | 234 x 156 mm | hardrback | ISBN 978-1-906093-28-0 | Published 10 September 2009
List price: GBP40.00 EUR50.00 USD65.00

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Why are resources back on the agenda? "Sustainable Growth and Resource Productivity: Economic and Global Policy Issues" tells us why. Published on 10 September 2009, this new title is a comprehensive overview of global issues of raw materials supply and resource use. Order your copy online and receive 10% discount.
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List price: GBP40.00 / EUR50.00 / USD65.00. Online price: GBP36.00 / EUR45.00 / USD58.50.
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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.

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CONTENTS

Introduction
Raimund Bleischwitz, Wuppertal Institute, Germany, Paul J.J. Welfens, European Institute for International Economic Relations, Wuppertal (EIIW) and University of Wuppertal, Germany, and ZhongXiang Zhang, East-West Center, Honolulu, USA


Part I: Raw materials supply and resource use from a global perspective

1 Will the mining industry meet the global need for metals?
Magnus Ericsson, Raw Materials Group (RMG), Stockholm, Sweden

2 Global resource use in a business-as-usual world up to 2030: updated results from the GINFORS model
Christian Lutz, Gesellschaft fuer Wirtschaftliche Strukturforschung (GWS), Osnabrueck, Germany, and Stefan Giljum, Sustainable Europe Research Institute (SERI), Vienna, Austria

3 Development and growth in mineral-rich countries
Thorvaldur Gylfason, University of Iceland, CEPR, and CESifo, Iceland

4 The physical dimension of international trade, 1962-2005: empirical findings and tentative conclusions
Monika Dittrich, University of Cologne and Wuppertal Institute, Germany

5 Defining critical materials
Thomas E. Graedel, School of Forestry and Environmental Studies, Yale University, USA


Part II: The economics of resources and sustainable growth

6 Explaining oil price dynamics
Paul J.J. Welfens, European Institute for International Economic Relations, Wuppertal (EIIW) and University of Wuppertal, Germany

7 Technological catch-up or resource rents? A production frontier approach to growth accounting
Natalia Merkina, Department of Economics, University of Oslo, Norway

8 Socio-ecological market economy in Europe: interrelations between resource, labour and capital productivity
Erich Hoedl, European Academy of Science and Arts, Austria

9 Why do companies ignore economic efficiency potentials? The need for public efficiency awareness
Mario Schmidt, Pforzheim University of Applied Sciences, Germany


Part III: Empirical analysis of resource productivity: trends and drivers

10 Decoupling GDP from resource use, resource productivity and competitiveness: a cross-country comparison
Soeren Steger and Raimund Bleischwitz, Wuppertal Institute, Germany

11 Anxiety and technological change: explaining the decline of sulphur dioxide emissions in Finland since 1950
Jan Kunnas, European University Institute, Italy, and Timo Myllyntaus, University of Turku, Turun yliopisto, Finland

12 Greece's fossil fuel use in 2006: a production, consumption and supply-chain analysis
Eleni Papathanasopoulou, Sustainable Solutions Greece


Part IV: Global policy issues

13 China and India's global demand for resources: key inferences on international energy security and Africa's development
Jennifer Li, Foundation for Environmental Security and Sustainability, Falls Church (VA) and US Environmental Protection Agency, Washington, DC

14 Asian energy and environmental policy: promoting growth while preserving the environment
ZhongXiang Zhang, East-West Center, Honolulu, USA

15 The rationale for and economic implications of dematerialisation
Paul Ekins, King's College, London, UK

Conclusions: towards a new resource economics
Raimund Bleischwitz, Wuppertal Institute, Germany, Paul J.J. Welfens, European Institute for International Economic Relations, Wuppertal (EIIW) and University of Wuppertal, Germany, and ZhongXiang Zhang, East-West Center, Honolulu, USA

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