Environment and Development: An Economic Approach

1. Summary -- 2. Introduction -- 2.1 Background -- 2.2 Sustainable Development -- 2.3 Disposition and Delimitations -- 3. Distortions in the Economic System and the Need for Economic Analysis -- 3.1 The “Bench-mark” Economy -- 3.2 Market Failures -- 3.3 Policy Failures -- 3.4 Summary -- 4. General Equilibrium Analysis and National Accounting -- 4.1 General Equilibrium Analysis -- 4.2 National Income Accounting and Environmental Resources -- 4.3 Aggregate Welfare Measures -- 4.4 Natural Resource Accounting and Computable General Equilibrium Models -- 5. Economic Analysis of Environmental Consequences -- 5.1 Major Steps in CBA -- 5.2 Valuation Approaches -- 5.3 Complementary and Other Methods -- 5.4 Criticism against CBA -- 6. Case Studies -- 6.1 Agricultural Projects -- 6.2 Forestry Project — Nepal Hill Forest Development Project -- 6.3 Integrated Environmental Project — Environmental Protection in the Philippines -- 6.4 Recreation and Forestry — Preservation of Mountain Forests — The Vålå Valley in Sweden -- 6.5 Air Pollution -- 6.6 Water Pollution — Water Quality Management in Thailand -- 6.7 Environmental Degradation and Policy Failures.