The Asian Growth Research Institute (AGI) invites researchers who work on Asia to present their work at AGI seminars. The participation fee is free for these seminars. The seminars are mainly for researchers, but the general public is also welcome to attend.
June 7, 2016 (Tuesday), 16:00～18:00
Conference Room, 6th Floor, Asian Growth Research Institute
(Kitakyushu Otemachi Building “Move” 6th Floor, 11-4 Otemachi, Kokura-kita, Kitakyushu)
Presentation and Handouts: English
Pursuing Economic Growth in Asia: The Environmental Challenge
Professor Euston Quah, Head, Division of Economics, and Director, Economic Growth Centre, Nanyang Technological University, Singapore
This talk identifies and discusses the four main areas of environmental management public policy that pose serious challenges to Asian governments in their continued pursuit of economic growth. The first is the emerging issue of siting environmentally unfriendly facilities that may be necessary for growth, but with the social and environmental costs borne primarily by local host residents and neighborhood municipalities. This asymmetric costs and benefits situation between local and national is known as the NIMBY (Not-In-My-Back-Yard) syndrome. The second issue is the critical need for accurate pricing of non-market environmental goods. Third, is the issue of waste generation. The fourth challenge is that of transboundary pollution, which has become increasingly important with regards to its effects on health and foreign relations. Additional comments on the use of Cost-Benefit Analysis in less developed countries are also made. The paper suggests the use of the damage schedules approach as a viable alternative method to provide valuation and prioritize policy options, and discusses what governments could do to manage these key environmental challenges by pursuing a number of pragmatic policies.