Introduction

Harland Wm. Whitmore

Chapter 1 in The World Economy, Population Growth, and the Global Ecosystem, 2007, pp 1-10 from Palgrave Macmillan

Abstract: Abstract The earth’s human populations function as a world economy operating within a global ecosystem. The objective of this study is to develop a unified theoretical model that explains the basic dynamic interdependencies among these systems. Economic activity affects human health, human mortality, and population growth as well as the health of the global ecosystem. The ability of natural resources to provide life-sustaining services, in turn, impact important economic choices with respect to population growth, spending, and production. Policy actions taken by governments and/or central banks may improve or impair the vitality of the world ecology-economy. Government sectors decide acceptable pollution levels as well as the appropriate scales of their infrastructures. These decisions affect not only the ability of renewable resources to grow but also the productive efficiency of their industries. Central banks engage in financial transactions that affect the levels and relative magnitudes of world interest rates and exchange rates. These variables affect the levels and composition of spending around the world and consequently affect the end-of-period stocks of the various manufactured goods and natural resources, which in turn affect future production, employment, prices, and wages.

Keywords: Exchange Rate; Interest Rate; Central Bank; Bond Market; Nonrenewable Resource (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-60730-9_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230607309

DOI: 10.1057/9780230607309_1

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().