Ronaldo Seroa da Motta

Macroeconomic policies have come under justifiable scrutiny because of their powerful and pervasive impacts throughout the economy. This book examines the sustainability of growth-oriented macroeconomic strategies, starting from early ideas linking macroeconomic policies, growth and sustainability. A comprehensive and up-to-date literature review and theoretical framework are presented, including both macroeconomic and microeconomic analyses of the linkages between the economy and the environment. Brazil and Chile are used as case studies to illuminate and analyse the impacts and effects of differing macroeconomic policies. A variety of analytical models are used to assess these two very different countries. One important conclusion reached is that the combination of growth and economic imperfections that lead to unsustainable outcomes is characterized by not only economic, but also environmental and social problems. A variety of policy remedies are discussed to make development more sustainable by reshaping the structure of growth. Macroeconomists, environmental and development economists as well as policy analysts and project managers in the international development community will find much to engage them within this book. Development agencies, NGOs and graduate students interested in both the theory and applications of economic growth and sustainable development issues will also find the book of great interest.

This book argues that the economic appeal of using water charges to promote efficiency in usage and pollution control can be constrained by institutional and operational problems. Analysing the cases of France, Mexico and Brazil, the authors - respective local experts - illustrate that barriers are similar despite the existing differences among these economies. Each country evaluation within the book is analysed using the same framework, covering topics of relevance for the application of a policy instrument, namely: policy analysis phase: the policy setting in which the water economic instrument (EI) was introduced as a means of achieving policy goalsinstrument design phase: the theoretical, institutional and legal basis on which the EI was conceivedinstrument implementation phase: successes and failures of the EI application and its review process. Based on this comparative analysis, the authors gather substantial material on institutional and operational barriers constraining the full application of water charges. They also identify possible solutions already in place in these countries to remove or mitigate these barriers. The book concludes that although mistakes and solutions vary, valuable lessons can be learnt by those making decisions on water management and environmental pricing. Providing a concise and didactic background on the theoretical, conceptual and operational issues related to environmental pricing, this book will appeal to students, researchers, policy makers and practitioners with a specific interest in water management.