Growing Green in Asia: The Need for a More Pragmatic Environmental Policy
Nimbys, non-market green goods, waste, market failures, environmental quality, green accounting
This paper identifies three key areas for public policy concerning the environment and sustainable economic growth. Its relevance is on Asian countries as they continue to demand for higher growth and at the same time keeping environmental degradation in check.The three areas are (1) the issue of siting environmentally unfriendly but nationally required facilities;otherwise known as the NIMBY syndrome ,(2) the waste generation problem ,and (3) the need to account for and price green goods.In addition, the paper also discusses a number of key principles for a pragmatic environmental policy such as the use of cost-benefit analysis ;the pursuit of clean and green technologies;correcting for market failures;understanding multiple stakeholders;and the need to establish critical data bases for tracking environmental quality and quantity.
Paper Presentation in English
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Professor Euston Quah
Head of Economics, Division of Economics
School of Humanities and Social Sciences
Nanyang Technological University
Singapore, Nanyang Technological University
Professor Euston Quah is presently Head of Economics at Nanyang Technological University,Singapore. Prior to this appointment,he was an associate professor of economics at the National University of Singapore for some 21 years and was formerly acting head of economics there.He has published widely in leading journals such as Applied Economics;Environment and Planning :Series A and C ; American Journal of Economics and Sociology;Journal of Environmental Law; Journal of Public Economic Theoy;World Development;Project Appraisal and Impact Assessment; International Review of Law and Economics;Journal of Developing Areas; among others. A book on Siting Environmentally Unfriendly Facilities (Edward Elgar Publisher) appeared in 2002 and he has also recently completed a book ,Cost-Benefit Analysis(new 5th edition with E.J.Mishan to be published by Routledge) next year. Professor Quah's earlier work on valuation of non-market household production was favourably reviewed in Economic Journal, and the Journal of Economic Literature . Much of his work was cited and referenced by eminent economists such as Reuben Gronau(University of Chicago) ;Sherwin Rosen(former editor of the Journal of Political Economy) and his book on home production was listed among the International List of Critical Writings in Economics in UK ,2003. In 2005,Professor Quah was an invited keynote speaker at the 2005 Eminent Environmental Economists Symposium organised by the United Nations Economic and Social Commission for Asia and the Pacific held in Seoul,Korea.