The Natural Wealth of Nations

Looking for some concrete proposals about how to clean up the world's environmental problems? In The Natural Wealth of Nations, David Roodman argues that a critical but often overlooked source of solutions lies in the prosaic world of government subsidies and fiscal policy. If governments overhaul how they raise and spend money, they can use the market to protect the environment without hurting economic growth. For starters, why are the world's governments spending over $700 billion a year to subsidize activities that harm the environment, from logging to mining to driving? Roodman shows how cutting these wasteful subsidies can boost the economy, save tax dollars, and help the environment. But governments can do more. Hidden subsidies are only one of several reasons that consumers get misleading signals from the marketplace about the true environmental costs of their activities. Roodman proposes raising taxes on harmful activities like air pollution while cutting taxes on payrolls and profits. This tax shift would discourage pollution and encourage work and investment. The creation of tradable pollution credits is another way to use the market to include environmental costs. These proposals are not far-fetched, having already been tested in the United States and overseas. In a global survey, Roodman provides examples from Sweden to Spain to Malaysia of the growing number of countries that are successfully using these market-based approaches to clean up their environments.

About the author

David Malin Roodmanwas a senior fellow at the Center for Global Development where he worked from 2002-2013 with a focus on microfinance, debt relief, and aid effectiveness. He is the author of Due Diligence and the Microfinance Open Book Blog.

Product details

• Authors: David Malin Roodman, The Worldwatch Institute, Worldwatch Institute
• Assisted by: Linda Starke (Editor)
• Publisher: W. W. Norton & Company
• Languages: English
• Product format: Paperback / Softback
• Released: 01.09.1998
• EAN: 9780393318524
• ISBN: 978-0-393-31852-4
• No. of pages: 308
• Dimensions: 140 mm x 216 mm x 18 mm
• Weight: 437 g
• Series: Worldwatch Environmental Alert; Worldwatch Environmental Alert
• Subjects: Natural sciences, medicine, IT, technology > Biology > Ecology; Non-fiction book > Nature, technology > Natural science; Social sciences, law, business > Political science; NATURE / Natural Resources, Umweltwissenschaften, Umwelttechnik, SCIENCE / Environmental Science (see also Chemistry / Environmental), Environmental Studies