The World Economy

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Global Sustainable Development.

 

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PLEASE NOTE

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This website has nothing to do with the Journal of Interdisciplinary Economics.

For more information regarding the Journal of Interdisciplinary Economics please contact them directly via ruth.taplin@btinternet.com.

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Future of the World Economy

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Interdisciplinary Economics Information, The Team

Welcome to the Interdisciplinary Economics Information website. Our team established this website in order to answer our readers questions about the boundaries of economic science by providing information in a clear and concise manner.

The global economic environment is in a state of turmoil and faces innumerable challenges ahead. One major concern is the intersection of economic and environmental pressures. For example, the economic impact of carbon dioxide emissions and the global warming phenomenon has yet to really hit the world economy, though it is only a matter of time.

The most ambitious scenarios for eliminating carbon dioxide emissions as rapidly as technologically feasible (reaching zero or negative net global emissions by the end of this century) require spending up to $150 to $500 per ton of reductions in carbon dioxide emissions by 2050. Using a reasonable set of alternative assumptions, therefore, the damages from a ton of carbon dioxide emissions in 2050 could exceed the cost of reducing emissions at the maximum technically feasible rate.

This initial phase has therefore been developmental and important progress has been made in jointly agreeing the final shape of the Plan.

The LEF has carefully worked its way through various proposals and actions, refining and agreeing and striking a balance between ambition and deliverability.

Once this is the case, the exact value of the social cost of carbon loses importance: the clear policy prescription is to reduce emissions a rapidly as possible, and cost-effectiveness analysis offers better insights for climate policy than cost-benefit analysis.

What is clear is that an economic model that takes into account such impending threats is vital, whereas the current global system appears very much a reactionary one. We fight fires instead of planning ahead with major investment in renewable technologies such as solar power, and our economies suffer as a result. We believe the time is now for a new perspective

Let us know if you have any questions regarding Interdisciplinary Economics Information.

I want to know what members of Parliament who tolerate such actions think about my many disabled friends who have enriched life for me. I think particularly of one young man to whom I am 'my mate Patrick'. Archbishops badly need mates like that. And if any see some lack of respect for what we are all about, woe betide me if I fail to remember that on the really big occasions in the Cathedral he shall carry the Metropolitan Cross at the head of the procession. Please miss no opportunity to become well informed in all this debate and act: letters to members of parliament make a difference: the more personal the better.

The Guidelines identified the key tasks for the first year of the Forums as being the eradication of wasteful duplication in economic development services. This would be done by undertaking a local assessment of "what works" and subsequently seeking to improve the quality of local business support services.


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