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The Economics of Big Science: Essays by Leading Scientists and Policymakers (Science Policy Reports)
by Hans Peter Beck Panagiotis CharitosThe essays in this open access volume identify the key ingredients for success in capitalizing on public investments in scientific projects and the development of large-scale research infrastructures.Investment in science – whether in education and training or through public funding for developing new research tools and technologies – is a crucial priority. Authors from big research laboratories/organizations, funding agencies and academia discuss how investing in science can produce societal benefits as well as identifying future challenges for scientists and policy makers. The volume cites different ways to assess the socio-economic impact of Research Infrastructures and their role as hubs of global collaboration, creativity and innovation. It highlights the different benefits stemming from fundamental research at the local, national and global level, while also inviting us to rethink the notion of “benefit” in the 21st century.Public investment is required to maintain the pace of technological and scientific advancements over the next decades. Far from advocating a radical transformation and massive expansion in funding, the authors suggest ways for maintaining a strong foundation of science and research to ensure that we continue to benefit from the outputs. The volume draws inspiration from the first “Economics of Big Science” workshop, held in Brussels in 2019 with the aim of creating a new space for dialogue and interaction between representatives of Big Science organizations, policy makers and academia. It aspires to provide useful reading for policy makers, scientists and students of science, who are increasingly called upon to explain the value of fundamental research and adopt the language and logic of economics when engaging in policy discussions.
The Economics of Big Science 2.0: Essays by Leading Scientists and Policymakers (Science Policy Reports)
by Johannes Gutleber Panagiotis CharitosThe second volume of open access essays builds upon the success of the initial installment, "The Economics of Big Science (© 2021, 978-3-030-52390-9, Open Access book as well)," delving deeper into the tangible socio-economic value generated by fundamental science missions and elucidating the various ways in which this benefit is realized. This collection showcases contributions that stem from socio-economic impact studies conducted on the activities of Research Infrastructures. These studies were presented and discussed by the authors during a dedicated session on the "Economics of Big Science" at the headquarters of the European Space Agency (ESA) in Paris in May 2023, organized by EIROforum. The authors, affiliated with prominent universities, research centers, and international research organizations, actively contribute to an international collaborative effort. Their aim is to develop strategies and policies that ensure fundamental scientific research in Europe translates into tangible and sustainable societal and economic benefits. This volume is intended to be a valuable resource for policymakers, funding agencies, scientists, and academics across diverse domains. It serves as a comprehensive reference for the evidence of socio-economic impact stemming from fundamental scientific research within Open Science, Research, and Innovation environments. Moreover, it equips stakeholders with evidence supporting the effectiveness of impact analysis and facilitates the design of best practices in this regard.
Economics of Bioresources: Concepts, Tools, Experiences
by Yoram Krozer Michael NarodoslawskyThis fundamental book provides a cross-sectoral, multi-disciplinary view on the biobased economy. It explains opportunities for the value-adding production and use of bioresources, while also discussing the main drivers and obstacles involved. The book is divided into three major parts, the first of which introduces readers to the basics of bioresource economics and engineering. In terms of economics, it discusses decision-making from the policy, producer, investor, and citizen perspectives; in terms of engineering, it addresses key technologies and the processing of bioresources, as well as the development of biorefineries for high-value products on large and small scales. In turn, the book’s second part presents cases focused on different types of energy use, and written by practitioners. The cases illustrate the businesses and technologies involved, as well as the roles of citizens, social organisations and policies. The book’s third and last part highlights opportunities in sustainable agriculture, valuable industrial products and innovative services, while also outlining key conditions for success. Written by a team of scholars and practitioners from various engineering, natural-science and social-science disciplines, the book is primarily intended for undergraduate and graduate students, and for practitioners in business and policy who wish to explore the sustainable production and use of bioresources. All theoretical issues are explained with the aid of real-world examples, making the content highly accessible.
Economics of Carbon Sequestration in Forestry
by Terry J. LoganSince the 1992 Earth Summit, there have been increased efforts on an international scale to address global climate change. Reducing the increased levels of CO2 and other "greenhouse gases," which are believed to be contributing to this climatic change, will require major effort on the part of the world's governments. This means that the environmental, economic, social, and political consequences of climate change must be understood, and that strategies to mitigate climate change must also address these issues.The workshop detailed in this book concentrated on how economic principles and analysis could contribute to the planning of forestry projects aimed at affecting terrestrial carbon balances. More than 30 international scientists came together for one week near Stockholm, Sweden and divided into working groups charged with addressing a specific issue and preparing a paper within this time frame. This book contains the majority of papers presented at this meeting, and includes both the working group papers and the individually presented papers.
The Economics of Climate Change in Argentina (The Latin American Studies Book Series)
by Maria Elisa Belfiori Mariano Javier RabassaIn this volume, the contributors discuss some of the most remarkable global warming effects in Argentina and examine policies that Latin American countries could follow to achieve their individual climate goals. Climate change is one of the most pressing issues today. However, after many years of climate negotiations, the world has failed to introduce a common global policy. Differences in countries' climate agendas have led to unsuccessful efforts. Countries willing to pursue a climate policy have sought alternative strategies to mitigate and adapt to global warming's consequences within their jurisdiction. In this context, Latin American countries' role in shaping the regional climate agenda is yet to be explored. The book covers some papers from the well-received "First Workshop on Environmental Economics and Energy" in Argentina. Using data from Argentina, the contributors analyze the effects of global warming on agricultural yields and the impact of extreme weather on human health. From a global perspective, the contributors also describe the interactions between a reduction in carbon emissions, carbon emissions intensity, and economic growth; the role that trade policies can play to reduce carbon emissions; and the paradoxes that arise from promoting renewable energies in the region. The contributors also address the relationship between sustainability and economic growth; the private sector's role in shaping policies and providing sustainable solutions; and the Latin American challenges for the next generation. The book will be of interest to policy-makers, academics, researchers, and professionals worldwide working in climate change impacts and policy. It will also appeal to a general audience interested in climate change economics, its consequences, and the steps that countries in Latin America can take to move forward.
Economics of Clusters: A Brief History of Cluster Theories and Policy
by Jérôme VicenteWhen we talk about clusters, it's the fabulous destiny of Silicon Valley that first comes to mind – the place where entrepreneurs and policymakers alike flock. But do we really understand the complex mechanics of these clusters? What tools can economics and other related disciplines use to analyze their performance? When it comes to spending taxpayer money to support cluster development, do benefits actually exceed costs? This book provides a synthesis of cluster theory and presents methodologies to analyze their structure and performance. It also contains insights into how to renew regional innovation policy.The French edition of this volume was granted Best Book in Economics 2016 by The French Association of Economics (AFSE)
The Economics of Ecosystems and Biodiversity in Business and Enterprise (TEEB - The Economics of Ecosystems and Biodiversity)
by Joshua BishopThis book is a product of the TEEB study (The Economics of Ecosystems and Biodiversity). It provides important evidence of growing corporate concern about biodiversity loss and offers examples of how leading companies are taking action to conserve biodiversity and to restore ecosystems. This book reviews indicators and drivers of biodiversity loss and ecosystem decline, and shows how these present both risks and opportunities to all businesses. It examines the changing preferences of consumers for nature-friendly products and services, and offers examples of how companies are responding. The book also describes recent initiatives to enable businesses to measure, value and report their impacts and dependencies on biodiversity and ecosystem services. The authors review a range of practical tools to manage biodiversity risks in business, with examples of how companies are using these tools to reduce costs, protect their brands and deliver real business value. The book also explores the emergence of new business models that deliver biodiversity benefits and ecosystem services on a commercial basis, the policy enabling frameworks needed to stimulate investment and entrepreneurship to realize such opportunities, and the obstacles that must be overcome. The book further examines how businesses can align their actions in relation to biodiversity and ecosystem services with other corporate responsibility initiatives, including community engagement and poverty reduction. Finally, the book concludes with a summary and recommendations for action.
The Economics of Ecosystems and Biodiversity in Local and Regional Policy and Management (TEEB - The Economics of Ecosystems and Biodiversity)
by Heidi Wittmer Haripriya GundimedaIn this volume of the TEEB (The Economics of Ecosystems and Biodiversity) publication series, the key concepts of the project are applied to local and regional policy and public management. The aim is to show that by taking nature's benefits into account, decision makers can promote local development to ensure human well-being and economic growth and stability, while maintaining environmental sustainability. The book explores the potential for local development provided by an approach based on nature. It offers examples of successful implementation of this approach from across the world, highlighting the importance of local decision making in management and planning. It provides tools and practical guidance for reform, and throughout the volume the economic benefits of environmental consideration at a local level are expounded. This book is intended to offer inspiration and practical suggestions for the improvement and sustainable management of the environment and human well-being. The local aspect of this book complements the focus of the previous three volumes, completing the set to provide a comprehensive approach to simultaneously improving and maintaining economic and environmental stability, as well as human well-being.
The Economics of Electricity Markets
by Darryl R. Biggar Mohammad Reza HesamzadehBridges the knowledge gap between engineering and economics in a complex and evolving deregulated electricity industry, enabling readers to understand, operate, plan and design a modern power system With an accessible and progressive style written in straight-forward language, this book covers everything an engineer or economist needs to know to understand, operate within, plan and design an effective liberalized electricity industry, thus serving as both a useful teaching text and a valuable reference. The book focuses on principles and theory which are independent of any one market design. It outlines where the theory is not implemented in practice, perhaps due to other over-riding concerns. The book covers the basic modelling of electricity markets, including the impact of uncertainty (an integral part of generation investment decisions and transmission cost-benefit analysis). It draws out the parallels to the Nordpool market (an important point of reference for Europe). Written from the perspective of the policy-maker, the first part provides the introductory background knowledge required. This includes an understanding of basic economics concepts such as supply and demand, monopoly, market power and marginal cost. The second part of the book asks how a set of generation, load, and transmission resources should be efficiently operated, and the third part focuses on the generation investment decision. Part 4 addresses the question of the management of risk and Part 5 discusses the question of market power. Any power system must be operated at all times in a manner which can accommodate the next potential contingency. This demands responses by generators and loads on a very short timeframe. Part 6 of the book addresses the question of dispatch in the very short run, introducing the distinction between preventive and corrective actions and why preventive actions are sometimes required. The seventh part deals with pricing issues that arise under a regionally-priced market, such as the Australian NEM. This section introduces the notion of regions and interconnectors and how to formulate constraints for the correct pricing outcomes (the issue of "constraint orientation"). Part 8 addresses the fundamental and difficult issue of efficient transmission investment, and finally Part 9 covers issues that arise in the retail market. Bridges the gap between engineering and economics in electricity, covering both the economics and engineering knowledge needed to accurately understand, plan and develop the electricity market Comprehensive coverage of all the key topics in the economics of electricity markets Covers the latest research and policy issues as well as description of the fundamental concepts and principles that can be applied across all markets globally Numerous worked examples and end-of-chapter problems Companion website holding solutions to problems set out in the book, also the relevant simulation (GAMS) codes
The Economics of Estuary Restoration in South Africa (Routledge Focus on Environment and Sustainability)
by Douglas J. CrookesThis book examines the economic costs and benefits of the ecological restoration of estuaries, utilizing case studies from South Africa. Estuaries are important ecosystems from both an ecological and human perspective. Yet, in many parts of the world they are often degraded environments, facing threats from climate change, invasive species, fire and wastewater pollution. While the environmental benefits of restoring degraded environments are well discussed, this book specifically examines the economic benefits of doing so. It applies a cost-benefit analysis, which focuses on a range of key ecosystem services, including human health, fishing value, recreational value and property value. The book utlizes three detailed studies of the Swartkops estuary, the Great Brak estuary and the Knysna estuary in South Africa, but also draws out lessons that can be applied to coastal environments across the world. Overall, this book demonstrates that ecological restoration does pay and that the value of additional ecosystem services gained through restoration far exceeds the costs associated with this restoration process. This book will be of great interest to students and scholars of environmental management and restoration, ecological economics, ecosystem services and environmental conservation.
The Economics of Evaluating Water Projects: Hydroelectricity Versus Other Uses
by Per-Olov Johansson Bengt KriströmThis book presents research on a kind of water use conflicts that is becoming more and more common and important: How to best manage moving water in times of increasing demand for electricity as well as environmental services. How should decisions be made between water use for electricity generation or for environmental and recreational benefits? The authors develop a simple general equilibrium model of a small open economy which is used to derive a cost-benefit rule that can be used to assess projects that divert water from electricity generation to recreational and other uses (or vice versa). The cost-benefit rule is then applied to the specific case of a proposed change at a Swedish hydropower plant. The book provides a manual for the evaluation of river regulations which can easily be replicated in other studies.
The Economics of Groundwater Remediation and Protection (Integrative Studies in Water Management & Land Development)
by Paul E. Hardisty Ece OzdemirogluEconomic literature is often too theoretical for engineers and policymakers to put into practical use, while scientific literature on the remediation of contaminated aquifers rarely considers costs and benefits. Written by a hydrogeologist and an economist, The Economics of Groundwater Remediation and Protection integrates economics and cost-benefit analysis tools with optimal protection and remediation strategies for groundwater resources.The book provides a thorough introduction of the concepts of groundwater flow and contaminant transport, and the basics of economic decision making techniques. It illustrates the types of risks and impacts caused by groundwater contamination, and the economic benefits of its remediation. The volume reviews a wide range of issues such as cost, implementation, and expectations of success for the latest remediation trends and techniques. The book shows how economic analysis can be used to determine how much we should pay for groundwater clean-up, and when spending too much - or too little - actually makes us all worse-off. The authors' step-by-step methodology for decision-making focuses on determining optimal remedial objectives, from containment to extensive cleanup, and the selection of least-cost alternatives. They use examples from their personal experience to illustrate the methodologies in action and put the issues into perspective.Combining the theoretical and practical aspects of science, policy, and economics, this book places the importance of groundwater remediation in the context of environmental economics, protection, and preservation. The Economics of Groundwater Remediation and Protection is also an excellent introduction to innovative solutions for funding remediation projects, education, and incentive programs, such as mitigation banking, land pollution credit schemes, and conservation credit alternatives.
The Economics of Integrated Pest Management of Insects
by Jeffrey Alwang Zachary S. Brown Adeney De Bueno Peter C Ellsworth Bruna Magda Favetti George B Frisvold Yara A. Halasa-Rappel Erin W. Hodgson Menale Kassie John Mumford Rangaswamy Muniappan Steven E. Naranjo George W Norton Roderick Rejesus Donald S. ShepherdMany biological studies on insect management do not consider economics or fundamental economic principles. This book brings together economists and entomologists to explain the principles, successes, and challenges of effective insect management. It highlights the importance of economic analyses for decision making and the feasibility of such approaches, and examines integrated pest management (IPM) practices from around the world with an emphasis on agriculture and public health. The book begins by establishing an economic framework upon which to apply the principles of IPM. It continues to examine the entomological applications of economics, specifically, economic analyses concerning chemical, biological, and genetic control tactics as well as host plant resistance and the cost of sampling and is illustrated with case studies of economic-based IPM programs from around the world.
The Economics of International Trade and the Environment
by Amitrajeet A. Batabyal Hamid BeladiIssues related to environmental protection and trade liberalization have moved to the forefront of international policy agendas. The Economics of International Trade and the Environment explores - from an economic standpoint - many of the questions that are germane in increasing our knowledge of environmental policy in the presence of international
The Economics of Managing Chlorofluorocarbons: Stratospheric Ozone and Climate Issues (Routledge Revivals)
by John H. Cumberland, James R. Hibbs and Irving HochChlorofluorocarbons are known to be effective spray can propellants, solvents and refrigerators and were often used in deodorants, refrigerators and other goods. However, it was not known at the beginning of their use, the complex reaction that CFCs have on the earth’s climate. Originally published in 1982, this report explores early research into the effect that CFCs have on the environment and provides guidance on how this emerging issue should be dealt with. This title will be of interest to students of Environmental Studies.
The Economics of National Forest Management (Routledge Revivals)
by Marion ClawsonOriginally published in 1976, this title concentrates upon the management of national forests. Using the best data available, Marion Clawson considers all outputs of the national forests and all costs of national forest management to analyse forests from an economics perspective. The Economics of National Forest Management is ideal for policy makers, professional foresters, and students interested in environmental studies.
The Economics of Natural Gas Storage
by Anna CretìWithin the context of an evolving global market for natural gas and restructuring efforts in the European market, gas storage is an important element. Providing additional flexibility, promoting competition, and enhancing supply security are crucial factors for natural gas sector liberalization. Storage in Europe has come to the center of the energy policy debate mainly due to very cold temperatures in winter 2005/06 and gas price increases during that time period. This book covers four main topics: development of commercial storage; access regulation; capacity allocation and market power; storage and security of gas supply. Each Chapter puts forth an innovative analytical model discussed or applied to realistically explain specific issues in one of the four biggest European gas consuming countries (France, Germany, Italy and the UK).
The Economics of Science: Volume 1: Illustrations and Philosophical Preliminaries
by David TyfieldDramatic and controversial changes in the funding of science over the past two decades, towards its increasing commercialization, have stimulated a huge literature trying to set out an "economics of science". Whether broadly in favour or against these changes, the vast majority of these frameworks employ ahistorical analyses that cannot conceptualise, let alone address, the questions of "why have these changes occurred?" and "why now?" Nor, therefore, can they offer much insight into the crucial question of future trends. Given the growing importance of science and innovation in an age of both a globalizing knowledge-based economy (itself in crisis) and enormous challenges that demand scientific and technological responses, these are significant gaps in our understanding of important contemporary social processes. This book argues that the fundamental underlying problem in all cases is the ontological shallowness of these theories, which can only be remedied by attention to ontological presuppositions. Conversely, a critical realist approach affords the integration of a realist political economy into the analysis of the economics of science that does afford explicit attention to these crucial questions; a ‘cultural political economy of research and innovation’ (CPERI). Accordingly, the book sets out an introduction to the existing literature on the economics of science together with novel discussion of the field from a critical realist perspective. In arguing thus across levels of abstraction, however, the book also explores how concerted engagement with substantive social enquiry and theoretical debate develops and strengthens critical realism as a philosophical project, rather than simply ‘applying’ it. Divided into two volumes, in this first volume the book explores the ‘top’ and ‘tail’ of the argument, regarding substantive and philosophical aspects. Starting with substantive illustrations, we explore the social challenges associated with the contemporary commercialization of science and the movement towards a knowledge-based bio-economy. Having shown the explanatory benefits of assuming a realist political economy perspective, the book then turns to the task of reconstructing and justifying that theoretical perspective. True to the overall argument regarding attention to ontological presuppositions, this starts with critical realism’s critique of mainstream economics but also develops critical realism itself towards what may be called a ‘transcendental constructivism’.
The Economics of Sustainable Development
by Shunsuke Managi Surender KumarThis book provides a look at the current status and future potential of sustainable development in India. Macroeconomic developments, regional disparity and poverty situation, the trend in natural resource depletion and environmental degradation, trajectory of economic development, and conventional wealth are discussed. A history of environmental regulations and the current state of the environment in India are provided along with the possible reasons for non-compliance of environmental standards in the country. This book studies many different aspects of industries in India from supply and demand sides and efficiency and productivity analyses are provided in detail. Before the liberalization of its economy began in 1991, India had been one of the most over-regulated and closed economies in the world. Market productivity is examined and tests whether the post-reform period shows any improvement in productivity and efficiency in comparison to the pre-reform period. Other subjects are discussed, including the economic value that the urban population of India places on improving the air quality, the cost of sustainable industrial development, industrial water use and analysis of the relationship between the price of oil and the macro economy as it applies to India.
The Economics of Sustainable Development: A Machine-generated Literature Overview
by Gurudas NulkarThis book is a machine-generated literature overview that explores the interlinkages between communities, both rural and urban, and how they are dependent on natural resources and ecosystem services for livelihoods. With increasing urbanization and changing land use, sourcing food, fuel, and other basic needs from forests and grasslands is turning into a significant challenge, especially in the developing world where they have to balance regional aspirations against the environmental impact and legacy for forthcoming generations. As sources of sustainable livelihoods decline, it affects their ability to overcome poverty. Furthermore, economic impacts on the natural capital can undermine the long-term sustainability of communities, and negatively affect their health and well-being.To ensure economic growth and sustainable livelihoods, it is imperative to rethink how economic growth and agriculture can reduce their impacts on the natural environment. How dowe integrate economic, social, and environmental aspects into our economy? The book will discuss aspects of sustainable consumption, conservation of ecosystems and biodiversity, and making rural communities resilient to the impacts of climate change. By recognizing the economic value of ecosystem services, decision-makers can better understand the benefits and costs of different land uses and resource management practices and make more informed choices that promote sustainable livelihoods and natural capital conservation. The book will be a great resource for policy-makers, students of economics and sustainable development, non-governmental organizations working in this field, and corporate managers who are responsible for allotting budgets towards corporate social responsibility programs.^
Economics of Sustainable Energy
by Jaan S. Islam M. R. Islam Meltem Islam M. A. MughalEvery year, as soon as reports on global economic inequality remind us about the direction our civilization is heading, there is a hysterical reaction, but hysteria dies down within weeks and we go back to the lifestyle that brought us here today. Often the blame is laid on the Millennial generation for their “apathy,” “lust for comfort,” and “bratty” attitude. Yet, business insider surveys indicate it’s the same Millennial generation that overwhelmingly cares for the state of the world and the direction in which our civilization is heading. Nearly 50% of them ranked climate change and destruction of nature as their primary concern. This is followed by concern for war and global conflict, and then global economic inequality. The vast majority of those surveyed are willing and eager to make lifestyle changes. This book breaks open the hypocrisy of our civilization and stops the blame game in its tracks and identifies the root causes of today’s world economy, ecology, and global politics. The book demonstrates that changes in lifestyle are necessary but not sufficient. No economic policy or technology development mode has a chance to survive, let alone thrive unless supported by the political establishment. In this process, the government plays a pivotal role. The challenge is to change the attitude of the government from a ‘self-serving’ controlling mode to a representative philanthropic mode. This new system of economic development and political governance is inspired by a long-forgotten understanding of political economics: medieval Islamic economics. In reviewing the history of economics from trade, currencies, and interest, the strengths and weaknesses of various economic developments over our centuries are evaluated. Based on the historical analysis, a step by step procedure is outlined for this fundamental change in our society today. As a whole, this book is the first of modern era to offer such a comprehensive analysis, complete with solutions to the entire crisis of today’s civilization. Whether for the student, engineer in the field, economist, or even layperson interested in the subject, this groundbreaking new work is a must-have. Covering one of the most important subjects in our world today, it is a valiant attempt at solving one of the biggest problems facing all of us.
The Economics of Sustainable Urban Water Management: UNESCO-IHE PhD Thesis
by null Xiao LiangRapid population growth, limited water availability, climate variability and environmental pollution together cause a significant challenge to provide sufficient water to urban residents in a sustainable and effective way. Advanced water treatment technology can contribute to the solution of problems physically, but it may not ensure sustainable op
The Economics of Telecommunication Services: An Engineering Perspective (Textbooks in Telecommunication Engineering)
by Pramode Verma Fan ZhangThis textbook characterizes the economics of telecommunication services from an engineering perspective. The authors bring out the fundamental drivers of the industry and characterize networks from a graph theoretic perspective, including random, small world, and scale free networks. The authors relate the topology of a telecommunication network using circuit and packet switched architectures to throughput and other performance parameters. The pricing model proposed in this book is based on the cost of displaced opportunity as opposed to the cost of the elements of the network engaged in delivering a service. The displaced opportunity is characterized by the revenue associated with the service that the network could have alternatively delivered most efficiently using an identical level of resources. The book addresses other topics such as regulation in legacy networks, and net neutrality. Finally, the book introduces the application of game theory in a multi-vendor, multi-services competitive marketplace. The book aims to bridge the gap between the science of economics as practiced by economists and practice of pricing from a telecommunication engineer’s perspective. This book is suitable for use by senior undergraduate or graduate students of telecommunication engineering or researchers and practitioners in telecommunication engineering.
Economics of the International Coal Trade: The Renaissance of Steam Coal
by Lars SchernikauThe world today depends on oil, coal and gas (in that order of importance) for over 80% of its primary energy. From the time humans tamed fire, wood or bio-mass became the primary energy source. Coal took over from biomass during the Industrial Revolution and accounted for over 60% of world primary energy by the early 1900s. The current age is often referred to as the Oil Age, which seems appropriate now that about 35% of the world's primary energy still comes from oil. However, coal is experiencing a renaissance. Today about one quarter of the world's primary energy and more than 40% of the world's electricity comes from coal. In addition, about two thirds of the world's steel is produced using coal. The author predicts that coal will become even more important in the decades to come, mainly driven by demand from China and India. This book focuses on the role of coal for today's energy and, most importantly, electricity markets. It starts with a review of coal as a resource, profiling the major steam coal exporting nations and the structure of the supply market. The low investment rate in coal compared to other fossil fuels is discussed, and environmental and safety issues with coal production are reviewed. The book examines how coal is used in the modern world. It compares coal to other energy resources and speculates on a greater role for coal in the medium-term future. It examines the structure of the steam coal market, contract terms, derivative markets, FOB costs, and introduces the WorldCoal market model. The final chapter summarizes conclusions and predictions. The author predicts more and larger merger attempts in the coal supply arena and further efforts to manage this development through public policy, greater investment by market participants in logistics and upstream assets, and the development of exchange-based coal trading through standardized coal volumes. The author also outlines why he believes coal prices will rise, eventually catching up with gas.
Economics of the Pharmaceutical and Medical Device Industry: Supply Chain, Trade and Innovation (Routledge Studies in the Economics of Innovation)
by Ramesh BhardwajThis book provides a comprehensive examination of the pharmaceutical and medical device industry, including analysis of its current trade and innovation strategies.Opening with a survey of the global pharmaceutical and medical device industry, Bhardwaj outlines the growing trade and trade interdependence among countries in the global supply chain. He adopts a trade competitiveness approach to analyze patterns of product specialization and examines the drug discovery process and its challenges in translating bioscientific knowledge into lifesaving products. Bhardwaj argues that further economic integration, collaborative R&D, and digital technologies may help accelerate productivity and address global challenges of escalating drug costs, neglected tropical diseases (NTDs), and pandemic risks. The book also considers how the industry may further green its supply chain, and thus contribute to SDG Goals 3 (Good Health and Wellbeing) and 12 (Responsible Consumption and Production), before closing on a review of China and India, major players who have the potential to become drivers of low-cost medical products and innovations.With its evidence-based analysis, this book will be of great interest to researchers in pharmaceutical studies, supply chain management, global health, and health economics, as well as policymakers and professionals interested in the global issues facing the industry.