What will be the most miserable economies in 2018?

As Steve Hanke put it, the human condition inhibits a vast continuum between “happy” and “miserable.” When it comes to economics, misery tends to stem from high inflation and high unemployment. The best way to ensure happiness is to grow economically, but that is not easy with high inflation and unemployment.The vast majority of countries report on economic indicators on …

Economic cost of land degradation in India

The cost of land degradation and land use change ate up to 2.54% of India’s gross domestic product (GDP) in 2014-15, as per TERI’s Study on Economics of Desertification, Land Degradation and Drought in India. Land degradation is evident across all terrestrial biomes and has far-reaching consequences. Following the range of services that land provides, its degradation can be direct (e.g. …

IPCC 1.5°C Report: Planet Nearing Tipping Point

On Oct. 8, the Intergovernmental Panel on Climate Change (IPCC) released the much anticipated Special Report on 1.5°C in Incheon, South Korea. The release follows an intense week of editing in which scientists responded to government comments. [climatenexus.org] About the report: World governments party to the Paris Agreement requested a comprehensive report on the impacts of 1.5°C of global warming, and how best to …