The authors are very distinguished, with one leading the IPCC team to a Nobel prize, one inventing the academic discipline of Green Economics and all of them having distinguished and unique careers from around the world spaning, the USA Argentina Malaysia, UK Brazil between them.
This book Edited by 4 specialists from very different corners of the world- Professor Maria Madi from Brazil, Professor Graciela Chichilnisky from Columbia University and Nobel Prize winnning lead author of the IPCC report and Professor Chow Fah Ye from Malaysia with Miriam Kennet creator of the academic discipline of Green Economics with Michelle Gale de Oliveira come together to provide an outline and analysis to present the readers with the tools they need to understand the changing world of finance in the 21st century. A really useful book to keep on the shelf and to dive into the 20 chapters all written by diverse and different authors from around the world. Note that this book has four women editors quite unusual for an econonomics and finance book and reflecting a change in global finance towards more gender equity. The book also concentrates on solving the current crisis and understanding the Asian dynamic economies and finance and what is driving them and also the implications of global financial struggles and what is driving the changes and innovations today.It also examines the financial tools, instruments and products, as well as structures, institutions and effects on the rest of economics and politics as well as social and environmental well being.
This book is a must read for anyone interested in understanding possibly the most pressing issue of our time.
Les mer
Green Economics and Finance: The Greening of Finance
ContentsPart 1: IntroductionSetting the Scene: The Economics of Resilience and Survivability1.1 The Greening of Global Finance: Re- Conceptualizing, Reforming andReclaiming finance for the 21st and 22nd CenturiesBy Miriam Kennet and Maria Alejandra Caporale Madi (Brazil)191.2 Global finance: banking dynamics, regulation and future challengesBy Maria Alejandra Caporale Madi (Brazil)301.3 The Global financial crisis, debt and austerityBy Maria Alejandra Caporale Madi (Brazil)38Part 2: Background to the Reform of Finance2.1 The Economics of the AnthropoceneBy Sir Crispin Tickell472.2 The shadow market: The powerhouse of the sovereign wealth funds and the neweconomic world orderBy Miriam Kennet512.3 Global finance and the euro: current challenges to sustainable economic growthMaria Alejandra Caporale Madi (Brazil)562.4 Reforming the Financial SystemBy Chow Fah Yee (Malaysia)702.5 Finance and instability: re-focusing the economic policy agendaBy Maria Alejandra Caporale Madi (Brazil)75Part 3: Features of the Global Finance System3.1 Financial Discrimination, Shadow Banking, ROSCAs and PawnbrokingBy Chow Fah Yee (Malaysia)843.2 Banks and Labor in Brazil: Recent Changes in Employment and Working ConditionsBy Maria Alejandra Caporale Madi and Ricardo Barbosa Goncalves (Brazil)893.3 How Theoretical Economics and the Practice of Financial Markets haveUnsustainability built into themBy Steven Mandel1013.4 Financial Crisis and the Real World: Modernization in Brazil beyond the Self-Regulated MarketsBy Jose Ricardo Barbosa Goncalves and Maria Alejandra Caporale Madi (Brazil)1087Part 4: Risk4.1 Risk and Risk InsuranceBy Aija Graudina (Latvia)1174.2 The Greening of Finance: Re-thinking Growth, Money and RiskBy Tomas Stockunas (Lithuania) and Carlos Francisco Restituyo Vassallo (DominicanRepublic)1234.3 Insurance as a Financial Tool of Private Well-Being in LatviaBy Aija Graudina and Stanislava Titova (Latvia)1294.4 Global Change Innovative - Green Economy Thinking Impact on the InsuranceIndustry By Aija Graudina (Latvia)1404.5 Understanding Environmental Degradation as a Cause of Conflict: patterns of Conflictand Cooperation By Max Marioni (Italy and Slovenia)1504.6 Agricultural Greening: Organic Production And Chernobyl Contaminated AreasBy Vyacheslav Potapenko (Ukraine)156Part 5: Geographies of Global Finance: The Developing World5.1 Federal Public Banks in Brazil: Their Role and Importance in Credit Expansion, 1952-2008By Jose Ricardo Barbosa Goncalves and Maria Alejandra Caporale Madi (Brazil)1675.2 Global economic integration and urban inequality in Brazil, 1970-2010By Jose Ricardo Barbosa Goncalves and Maria Alejandra Caporale Madi1795.3 Economic Growth and Cultural Change in Brazil: Challenges to Small Farmers inTourist-Oriented AreasBy Maria Alejandra Caporale Madi and Jose Ricardo Barbosa Goncalves (Brazil)1855.4 Opportunities in Latin America for a Green EconomyBy Carlos Restituyo (Dominican Republic)1925.5 The Caribbean Countries in the Global Economy: Economic Integration, Growth andInequalityBy Maria Alejandra Caporale Madi and Jose Ricardo Barbosa Goncalves1985.6 "Greening of the Economy -The Indian Perspective"By Kanupriya Bhagat (UK and India)2045.7 The Application of Green Economics in Business and Rural India: methods and toolsBy Dr. Natalie West Kharkongor (India)2095.8 Aspects of Green Economy in MalaysiaBy Chow Fah Yee (Malaysia)2205.9 A Survival Mechanism for the Poor and Equity in a Mutual Symbiosis:A Case Study of Street Food Vendors in Urban IndonesiaBy Tutik Rachmawati (Indonesia)22385.10 Financial Liberalization and Economic Policy - The Experience of IndonesiaBy Maria Alejandra Caporale Madi2285.11 Economic development in Somaliland, significant and surprising financialachievements opportunitiesBy Sumaya Abdi (UK The Netherlands and Somaliland)236Part 6: Micro-finance and Micro-credit6.1 Entrepreneurship and micro-credit in Brazil: social challenges in the context of theproductive reconfiguration, 1994-2010By Maria Alejandra Caporale Madi and Jose Ricardo Barbosa Goncalves2396.2 Microfinance in Malaysia: Extending its Role for Financial InclusivenessBy Chow Fah Yee2486.3 Efficient Informal Financial Intermediation - ROSCAS, Tontines and Huis in MalaysiaBy Chow Fah Yee255Part 7: Background and History to Approaches to Current Problems7.1 Sustainable Economics in History: A Model for a Green FutureDr. Hans-Guenter Wagner(Germany and China)2607.2 Greening the Academy - Economics: The Latest Developments and Issues inEnvironmental and Green EconomicsBy Miriam Kennet and Michelle S. Gale de Oliveira(USA and Brazil)281Part 8: Approaches to Current Economic Problems8.1 Would Keynes have been a Green Economist?Dr Michael Taylor and Ruth Coleman-Taylor2968.2 Taxing the financial sectorAlistair Milne3068.3 Cost/Benefit Analysis; superficially an elegant tool, but in reality a path t0 wrongdecision making.By Juliane Goke (Germany)3128.4 How useful is econometrics for Green economics?By Sophie Billington314Part 9: Public Finance9.1 Green Investment Bank 3189By Jonathan Ross-Tatam9.2 Debunking Myths About Public and Private FinanceBy Jonathan Ross-Tatam324Part 10: Green Economics and Global Finance10.1 Introducing Green Economics: Renaissance, Reform and Methodology. GreenEconomics a global movement for ChangeBy Miriam Kennet32810.2 Green Economics: Its recent development and backgroundBy Miriam Kennet and Michelle S. Gale de Oliveira33110.3 Rewriting EconomicsBy Edward Goldsmith34210.4 Method, tools and InstrumentsBy Volker Heinemann, Miriam Kennet and Michele Gale34410.5 The Ten Key Values of Green EconomicsBy Miriam Kennet, Jeffrey Turk, Michelle S. Gale de Oliveira.34910.6 What is Green Economics: a new disciplineBy Volker Heinemann350Part 11: Green Economics - Sharing Global Finance11.1 The Tragedy of the commons. Why we are not being careful enoughBy Clive Lord35211.2 Gifting: The New Approach to EconomyBy Manan Jain (India)35411.3 Filling the Void Left by Formal Financial Institutions: The PawnshopsBy Chow Fah Yee (Malaysia)36111.4 Knowledge, Skills and Attitude on the Way to Greening the EconomyBy Dzintra Atstaja and Gundega Dambe (Latvia)36511.5 Global Green Human Being: Concepts and Main issuesBy Kristina Jociute (Lithuania)371Part 12: Rethinking Growth12.1 The Green Economy: Rethinking GrowthBy Volker Heinemann and Miriam Kennet38312.2 What do we mean by "growth", problems with growth and is a return to "growth"possible in the long term?39510By Steven MandelPart 13: Finance for Sustainability13.1 Toward a new understanding of sustainable developmentBy Igor Makarov (Russia)40513.2 From Carbon Markets Towards Climate Social JusticeBy Maria Delfina Rossi (Italy and Spain)41013.3 Compassion in Farming: Food SenseBy Philip Lymbery42013.4 New trends in energy finance in Brazil: challenges to sustainable investmentMaria Alejandra Caporale Madi42413.5 Successes of PES scheme in Costa Rica as a model for further implementation inLatin AmericaBy Carlos Restituyo42913.6 Moving from a Linear Economy to a Circular EconomyBy Bradley Panico432Part 14: Global Governance Improvements in Finance14.1 Global Governance, Hierarchy of Currencies and Volatile Capital FlowsBy Maria Alejandra Caporale Madi and Jose Ricardo Barbosa Goncalves43714.2 Green Accounting - Setting the SceneBy Rafael Felipe Cardoso (Brazil)44314.3 Highlighting some issues in FinanceBy Steven Mandel45314.4 Reform of the Corporate Governance Model to be fit for the Economy of the FutureBy Steven MandelPart 15. The Development of Asian Finance; China and Japan15.1 Can Japan move towards a Green Economy?By Professor Imai (UK and Japan)15.2 Contemporary Chinese Conflicting issues in Finance and EthicsBy Dr Hans Guenter Wagner (China and Germany)Part 16: Concluding Master Class Lecture16.1 Avoiding Extinction 16.2 Ideas and RecomendationsBy Professor Graciela Chichilnisky (USA and Argentina)
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The Green Economics Institute; The Green Economics Institute
Om bidragsyterne
List of ContributorsSumaya Abdi, University of Westminster, was born in The Netherlands to parentsfrom Somaliland and is passionately interested in helping the development in thecountry of her ancestors. She is an economist who regards economics and finance asthe key to solving some of the problems in Somaliland and discusses here some of thefeatures of finance and financial revenues in Somaliland today.Professor Dr Dzintra Atstaja, is associate professor, Doctor of Social Sciences inEconomy in BA School of Business and Finance (Latvia).Nursel Aydiner-Avsar, is in the Economics Department at Gediz University, Izmir,(Turkey)Kanupriya Bhagat, is currently pursuing Sustainable Development at the Universityof St Andrews. Originally, from Agra, India, she has been involved with organizationssuch as CRY (Child Rights and You), New Delhi, where she was part of the DigitalFundraising Department, and has a strong interest in publishing. She enjoys workingwith the Green Economics Institute in developing green economics into a globalinitiative.(India)Sophie Billington, is an economist and econometrician at Bristol University. Hermain areas of interest are developmental economics and econometrics. Sophie isinterested in applied econometrics, econometric theory and the wide ranging andchanging approaches to modelling economic problems. She has been instrumental inmethodology debates in Green Economics.Rafael Felipe Cardoso, holds a Bachelor Degree in Accounting from the Universityof Sao Paulo, Brazil. His graduate studies include a Specialization in Management withfocus on sustainability at Fundacao Dom Cabral. He was originally trained at PriceWaterhouse, getting a thorough grounding in working with banks in the areas of Auditand Taxation. After over 4 years in industrial companies, he currently holds a seniorfinance position in an international company that primarily works with eolic energy.Professor Dr Seldag Gunes Ceylan, is an associate professor at Gazi University,Faculty of Law, Ankara, (Turkey)Professor Dr Graciela Chichilnisky, (USA and Argentina) has worked extensivelyin the Kyoto Protocol process, creating and designing the carbon market that becameinternational law in 2005. She also acted as a lead author of the IntergovernmentalPanel on Climate Change, which received the 2007 Nobel Prize. A frequent keynotespeaker, special adviser to several UN organisations and heads of state, her pioneeringwork uses innovative market mechanisms to reduce carbon emissions, conservebiodiversity and ecosystem services and improve the lot of the poor. She is a Professorof Economics and Mathematical Statistics at Columbia University and the Sir LouisMatheson Distinguished Professor at Monash University.Gundega Dambe, is researching at the University of Latvia Education ManagementDoctoral Study Programme (Latvia),Juliane Goke, is a member of the editorial board for the International Journal ofGreen Economics and has studied International Business Management andGovernance at Paderborn, Hagen and Sheffield Universities. She worked in Germanyand Indonesia in the Consultancy sector. Her research interests are sustainablebusiness solutions and renewable energies in developing countries. For the latter sherecently participated in a renewable energy project in Sub-Saharan Africa.(Germany).Edward Goldsmith, was an Anglo-French environmentalist, writer and philosopher.A deep ecologist and systems theorist, Goldsmith was an early proponent of the Gaiahypothesis, having previously developed a similar cybernetic concept of a selfregulatingbiosphere. He was the founder and editor of the Ecologist Magazine. He coauthoredthe influential Blueprint for Survival with Robert Prescott-Allen, becoming afounding member of the political party "People" (later renamed the Green Party), itselflargely inspired by the Blueprint.Professor Dr Jose Ricardo Barbosa Goncalves, holds a PhD in EconomicHistory. Professor and researcher at the State University of Campinas, Brazil. Hisrecent publications include: Corporate social responsibility: credit and bankinginclusion in Brazil and Private equity investment and labor: faceless capital and thechallenges to trade unions in Brazil. He currently works at the intersection betweenlabor rights, social inclusion and economic development in a historical perspective.Professor Dr Aija Graudina, is a Doctor of Economic Sciences. She works as anAssociate Professor at BA School of Business and Finance (Latvia). Specialisation:insurance and reinsurance industry, insurance economy (green economy). She is amember of the International Insurance Society (IIS) and the Latvian Association ofEconomics.Volker Heinemann, is an economist who studied at the Universities of Goettingen,Kiel and Nottingham. He is a specialist in international and developing economics,monetary economics and macroeconomic theory and policy. He is author of the book"Die Oekonomie der Zukunft," "The Economy of the Future," a book outlining a greenstructure for a contemporary economy that accepts the pressing changes that areneeded to outdated current economic thinking. He is co-founder and Director and CFOof the Green Economics Institute, a member of the Institute of Chartered Accountantsin England and Wales, trained at PWC and other major Institutions and is a DeputyEditor of the International Journal of Green Economics. He is a popular radio and TVspeaker in Europe and a former Die Gruenen Councillor. (Germany and UK)Professor Dr Katsushi S. Imai, is an Associate Professor in DevelopmentEconomics at School of Social Sciences and Brooks World Poverty Institute, theUniversity of Manchester. He obtained an MSc in Development Studies from LSE and aDPhil in Economics from the University of Oxford and previously taught at Oxford andat Royal Holloway, the University of London. He regularly works for the IFAD, the UNas an economic consultant and has published widely on risk, vulnerability and povertydynamics of households in developing countries, in particular in India and other Asiancountries.(UK and Japan)Manan Jain, An economist from India, specialising in the Gift Economy. Mananaddressed the Green Economics Institute's Conference at Oxford University in 2012(India)Miriam Kennet, is a specialist in Green Economics, she is the Co-Founder and isCEO of the Green Economics Institute. She also founded and edits the first GreenEconomics academic journal in the world, the International Journal of GreenEconomics, and she has been credited with creating the academic discipline of GreenEconomics. Green Economics has been recently described by the Bank of England asone of the most vibrant and healthy areas of economics at the moment. Havingresearched at Oxford University, Oxford Brookes and South Bank University, she is amember of Mansfield College, Oxford University and the Environmental ChangeInstitute. She has taught, lectured and spoken at Universities and events all overEurope, from Alicante to Oxford and Bolzano, and to government officials fromMontenegro and Kosovo to The UK Cabinet Office, Transport Department, NationalGovernment School and Treasury and spoken in Parliaments from Scotland to Austria14and The French Senat and Estonia. She is also a regular and frequently speaks at publicevents of all kinds, and after dinner speaker, this week advising in the Uk Parliamentand the Bank of England and in Brussels on the Eurozone crisis, the high speed railand the general economics situation. She is also very active in spreading GreenEconomics in Asia, China, and all round Africa where people find it may be one of thebeacons of hope at the moment in an age of Austerity and Cuts as it provides acompletely new way of looking at the world. Her work is very practical and she workedin factories and engineering for many years in the past. She is on the Assembly of theGreen European Foundation and also on the steering group of the European Networkof Political Foundations. She has a delegation to the UNFCC COP Kyoto ClimateChange Conferences and headed up a delegation to RIO + 20 Earth Summit: Greeningthe Economy in RIO Brazil. She regularly speaks on TV around Europe, most recentlyin Belgium, and Estonia and this year the BBC has made a special programme abouther life and work. She runs regular conferences at Oxford University about GreenEconomics and this year has run 8 events from Youth in Action for Young People fromEgypt involved in the revolution, People from FYRO Macedonia, Italy and othercountries, as well as the Green Built Environment, The Greening of China as theChinese government is very interested in her work, Womens Unequal Pay and poverty,Green Economics and Methodology, truth, fact and reality with critical realism andseveral other events. Publishing regularly and having over 100 articles, papers andother publications, including Green Economics:Voices of Africa, The GreenEconomics Reader, Handbook of Green Economics: A Practitioners Guide, The GreenBuilt Environment, Women's Unequal Pay and Poverty, Green Economics andClimate Change, as well as a new chapter on the green built environment and climatechange for Wileys publishers in Lamond, Hammond and Proverbs. She also publishesin scientific papers, including the Latvian National Scientific Papers and Journals forexample. She has been featured in the Harvard Economics Review and Wall StreetJournal as a leader. Recently she was named one of 100 most powerful unseen globalwomen by the Charity One World action for her global work.Professor Dr. Natalie West Kharkongor, currently an Assistant Professor ofEconomics at IIM Shillong, received the Broad Outlook Learner Teacher Award fromthe Prime Minister, Dr. Manmohan Singh in 2004. She also received the RashtriyaGaurav Award with Certificate of Excellence in 2011 in New Delhi. She has presentedand published a number of papers. She was the Joint Secretary of North EasternEconomic Association and the Vice President of Meghalaya Economic Association.(India).Clive Lord, was a founder member of the English and Welsh Greens in 1973, He15served as a Probation officer for 30 years, retiring in 1994. Clive's book, 'A Citizens'Income - a Foundation for a Sustainable World' was published in 2003, but he ishoping to have an improved update published in future. He maintains that hiscohtrbution to the debate on sustainability is fundamental to those from others able totake matters forward.Philip Lymbery, is Chief Executive of Compassion in World Farming. Please visitciwf.org to find out more about Compassion in World FarmingProfessor Dr Maria Alejandra Madi, holds a PhD in Economics. She works at theintersection between macroeconomics, finance and socio-economic development.Retired Professor at the State University of Campinas, Brazil, she is currenty Director ofthe Ordem dos Economistas do Brasil and Counselor at the Conselho Regional deEconomia-SP. Besides her participation as co-author in chapter books edited by theGlobal Labor University, she is a regular author with the Green Economics Institute.Steven Mandel, After spending more than 20 years as a development economistworking both as a civil servant in Africa and a consultant in Africa, South Asia, Pacificand FSU/Eastern Europe, specialising in transport, national and sectoral planning, aidmanagement and budget reform, Steve worked on Third World Debt, internationalfinancial institutions and reform of international financial architecture. He is now afreelance consultant working on these issues and a research associate of theDepartment of International Development at Birmingham University and a member ofthe Green Economics Institute.Michelle S. Gale de Oliveira, is a director of the Green Economics Institute, UK.She is a member of the Law School of the University of London School of Oriental andAfrican Studies (SOAS), holding an MA in Human Rights Law with a focus on IslamicLaw, Peace-Building, and Developing Countries. Founder of the Gender ProgressConsortium, she holds degrees in Political Science and International Relations fromRichmond, the American International University in London (RAIUL), and is currentlydeputy editor of the International Journal of Green Economics. Her writing has beenfeatured in Europe's World, one of the foremost European policy magazines. Shelectures and speaks on Human Rights, Environmental and Social Justice, GenderEquity, International Development and Green Economics internationally. Recently sheran a conference on women's unequal pay and poverty in Reading, UK, lectured at theOxford University Club on the human rights of land reform, lectured on greeneconomics in Berlin, at retreats in Glastonbury, UK, and is a regular speaker atinternational conferences. She has appeared in the media in Africa, Europe, and Latin16America. Michelle is a member of the Human Rights Lawyers Association, the LawSociety of England and Wales Human Rights Lawyers Group, the London Middle EastInstitute. In 2010/2011, she was a delegate to Conference of Parties (COP15/16) inCopenhagen and Cancun, and in 2012 led a delegation to RIO+20, where she ran threeside events on green economics.Bradley Panico, Plymouth University. He is interested in sustainability, specificallylooking at food and waste, due to the fact that 50% of food is wasted around the world.Furthermore, waste makes little environmental or economic sense and has beenbecome a major issue with the growing population in recent years.Carlos Francisco Restituyo Vassallo, from the Dominican Republic. in SantoDomingo and so he is very familiar with the ailments of developing nations. Currentlyin the Economics Department at Richmond, the American International University inLondon, his academic interests include economics, philosophy and the environment.He brings a young person's perspective to the development issues of Latin AmericannationsJonathan Ross-Tatam, is an historian at the University of Edinburgh. He isinterested in policy making at the University in teaching and academic affairs. Hismain interests include innovation in education policy at universities, political economy,public investment banking and politics. He is a regular blogger for the Fabian Societythink-tank on contemporary economics and politics. He is also a Comment Editor for'The Edinburgh Student'.Maria Delfina Rossi, is a young academic and green activist. She has an honoursdegree in Economics from the Autonomous University of Barcelona and a Masters ofResearch in Economics in the European University Institute. Delfina works in theEuropean Parliament for a Green MEP and was also the co-spokesperson of theFederation of Young European Greens.Tomas Stockunas, is from Lithuania a country which recently (compared to othernations) achieved it's independence. He is therefore very interested in its economy andenvironment and its problems. At Vytautas Magnus University in Kaunas, Lithuania,his academic interests include economics, finance and financial market analysis. Hecompares households with companies and states in order to examine their impact onthe national economy.Dr Michael Taylor, is an associate principal lecturer in economics and politics. Hehas written for the International Journal of Green Economics and is on the editorial17board. His main interest has been women in business in India, but he has also writtenabout methodology and active in politics as a councillor .Ruth Coleman-Taylor, is a writer who normally specialises in science fiction. Shehas been active in politics for over 40 years and her roles have included being Leader ofNorth Wiltshire Council, Chair of the Local Government International Bureau and amember of the EU committee of the regions. She has also stood for Parliament and forthe European Parliament.Dr Stanislava Titova, is a Mag.oec., Assistant professor at BA School of Business andFinance (Latvia). Head of department of finance. Specialisation: Finance and taxationpolicy.Dr Jeffrey Turk PhD, holds a doctorate in particle physics from Yale University andafter working as a physicist at the European Laboratory for Particle Physics (CERN) heearned an MA in transition economics at the Central European University in Budapestand then a DPhil in contemporary European Studies from the University of Sussex anda research fellow at the Scientific Research Centre of the Slovenian Academy ofSciences and Arts, where he researches realist biography and European Policy. He rana research conference at the University of Halloween on critical realist narrativebiographical methods. He has produced many articles on Green Economics andmethodological innovation.(Slovenia and Belgium).Dr Hans-Guenter Wagner, is an economist and educationalist who teachesmanagement and Chinese language at the University of Co-operative Education inPlauen (State of Saxony, Germany). Dr. Wagner worked many years in China andAlbania where he was in charge of development aid projects in the field of vocationaleducation and higher learning. His current research focus is on bioeconomics, and thebusiness ethics of Eastern religions.(Germany and China).Bengi Yanik-Ilhan Economics Department of Koc University, Istanbul, TurkeyProfessor Dr Chow Fah Yee, Associate Professor from University TeknologiMARA, Malaysia. Currently, she is an active member of Green Economics Institute,contributing articles and papers to GEI books and journal. She is also an editorial boardmember of International Journal of Green Economics. She obtained her Ph.D fromUniversity Malaya, Malaysia. She has been an actively presenting papers in variouscountries. (Malaysia).