The geography and political economy of metal supplies

The author examines the dependence of the UK on metal raw material supplies. A statistical analysis of sources of UK imports is undertaken, and comparisons made with other industrialized states. Political aims underlying the economic relationships of supply and implications for government policy are considered. The case of copper is used as an example, with emphasis on the roles of investment and political stability in supply.     

The political economy of export processing zones (EPZs) in developing countries

The ideology and praxis of EPZs are reviewed, followed by an analysis of the economics of EPZs. Namibia's EPZ incentives are analysed in the context of successful EPZs elsewhere in the world. Although the Arandis EPZ in Namibia has some credible advantages, its fiscal incentives are not really special by international standards. The zone's incentives appear suitable for non-mineral processing industries, while the country's comparative advantages are in minerals. The conclusion is that EPZs are not of themselves engines of economic development, and must not be sold as such. Traditional investment strategies, eg R&D and joint ventures, offer better opportunities for development at about the same cost as EPZs.     

The Amazon between economy and ecology

The soils of the Amazon's rainforests, unlike soils in rainforests in other parts of the world, have very low productivity. Experiments have shown that the Amazon's timber productivity of 2–3 m³ per year per hectare is considerably below that achievable in Northern Europe. Sustainable agricultural development therefore can be expected to be very low. However, the mineral resources of the Amazon are very extensive and offer a way to develop the Amazon without destroying the ecology, provided that some limits are set on non-mining activities.     

Impact of crude oil price volatility on economic activities: An empirical investigation in the Thai economy

This paper empirically examines the impact of oil price volatility on key macroeconomic indicators of Thailand. Following Andersen et al. [2004. Analytical evaluation of volatility forecasts. International Economic Review 45(4), 1079–1110], quarterly oil price volatility is measured by using the realized volatility (RV). The impact of the oil price volatility is investigated using the vector auto-regression (VAR) system. The Granger causality test, impulse response functions, and variance decomposition show that oil price volatility has significant impact on macroeconomic indicators, such as unemployment and investment, over the period from 1993Q1 to 2006Q4. Perron's [1997. Further evidence on breaking trend functions in macroeconomic variables. Journal of Econometrics 80(2), 355–385] test identifies structural breaks in all the concerned variables during the time of the Asian Financial Crisis (1997–1998). A VAR for the post-crisis period shows that the impact of oil price volatility is transmitted to budget deficit. The floating exchange rate regime introduced after the crisis may be the key contributor to this new channel of impact.     

The outlook for oil

Between now and 2000, the demand for oil is expected to be moderate and the supply abundant. Economic growth is almost twice as slow as in 1973 and requires 25–30% less energy per unit of GNP. The demand for oil is therefore growing at a rate of two to three times slower. Meeting the demand for oil between now and 2000 is within the capability of the oil-producing countries, in many cases with modest additional investment. Gas and coal will be very cost competitive in relation to oil and will serve as a break on future explosive price increases.     

The Scottish economy: the development of underdevelopment?

This paper describes the recent economic history of the Scottish economy and uses a synthesised theory of labour market segmentation and the dual economy to identify the origins of the relative decline of Scottish industry and labour over the period, critically evaluating the role of the SDA and of government policy in general. Incorporating the impacts of takeover and merger of indigenous companies, the promotion of the branch plant economy, the selective effects of emigration and training schemes, and the reliance on small and medium sized companies to regenerate the economies of city‐regions, an analysis based on the importance of the centre‐periphery relations of monopoly capitalism for the Scottish economy is undertaken.     

The world tungsten economy : An econometric model

This paper presents a predictive model for the world tungsten economy, disregarding short-term speculative activity. The study provides a framework for exploring investment and optimal pricing policies and stabilizing mechanisms. The author discusses the rationale for the formulation of the structural equations, and presents estimates of a simultaneous equation model purporting to explain the structure of the tungsten ore economy. Both ex post and ex ante simulations testify to the model's predictive ability.     

The perplexing dispute over oil

Territorial disputes in the South China Sea have been exacerbated by the great potential for oil reserves in the area. The Spratly Islands have been a major object of these disputes. While China and other countries have softened their positions to a degree, questions remain regarding how each country would cooperate in oil exploration in this area. The ultimate resolution of the dispute over the Spratly Islands could set an example for the future handling of rival claims, but whether the approach will be one of cooperation or conflict is unclear.     

The availability of primary nickel from the market economy countries

The US Bureau of Mines has determined the potential availability of nickel from 36 deposits or districts in 16 market economy countries (MECs). More than 95% of production in MECs was analysed. The study indicates the quantity of nickel available in resources and potential annual production at net production costs and on a total cost basis with a 0% and a 10% discounted cash flow rate of return (DCFROR). The properties included in this study contain approximately 33 million tonnes of recoverable nickel. About 26 million tonnes of nickel is potentially recoverable from nickel laterite deposits, of which 4.5 million tonnes can be produced at $2.50/lb or less with a 0% DCFROR. Approximately 7 million tonnes of nickel is potentially recoverable from nickel sulphide deposits of which about 6.3 million tonnes could be produced at $2.50/lb or less at a 0% DCFROR. Sensitivity studies indicate that the total cost of producing nickel from laterite deposits is most sensitive to increases in energy costs, and that the total costs of producing nickel from sulphide deposits is most sensitive to increases in labour costs and by changes in byproduct revenues.     

Local action for climate change: transnational networks and the Irish experience

Climate change policies are informed by contributions from public, private and civil society organisations at a range of scales from the local to the global. Such policy formation has come to be termed multilevel governance. Transnational networks of local authorities are an emerging feature of multilevel governance and they have been heralded as a means to improve the implementation of climate change policy on the ground. However empirical evaluation of these transnational climate change networks is geographically limited and no research examining their impact in Ireland has been conducted. In response this paper considers the significance of European climate change networks within Ireland's climate change strategy. It concludes that these formal transnational networks have had limited impact to date due to ongoing negotiations about the politics of scale and responsibility with respect to climate change policies in Ireland.     

The significance of futures trading in minerals and oil

Futures trading has been introduced for aluminium and oil in recent years and the range of contracts available on various minerals and oil products continues to widen. Concern has been expressed by producers of a number of minerals, including nickel and platinum, that the introduction of futures trading may introduce a speculative element to price determination that will create inappropriate or excessively volatile prices. It is the purpose of this article to analyse the role of futures trading in relation to trade in underlying commodities in general and especially for trade in minerals and oil. Evidence from oil and platinum markets, in particular, is adduced and examined in the light of earlier evidence of the influence of futures trading on underlying commodities. The contribution of futures trading is examined in detail and conclusions are reached on the significance of futures trading for minerals and oil.     

Science advocacy in political rhetoric and actions

Environment Systems and Decisions - ‘Science’ is a proportionately small but recurring constituent in the rhetorical lexicon of political leaders. To evaluate the use of science-related...     

Below-cost timber sales and the political marketplace

Political pressures exist to increase the economic efficiency of timber management and production on the national forests managed by the USDA Forest Service. There is growing belief both outside and within the Forest Service that current levels of timber production, and most particularly uneconomic timber production, should be reduced. Many argue that eliminating uneconomic timber management programs will both save money and reduce environmental degradation. This article traces the political evolution of the focus on economic efficiency in timber production and explores the political-institutional factors that are shaping the current policy debate. The below-cost issue is less about economic efficiency than it is about political advantage and alternative political visions of the societal role of the nation's national forests now and in the future.     

我国经济发展放缓后的哲学思考

本文从我国经济发展减速的角度出发对经济发展过程中存在的一些问题从哲理上进行了深层分析。对正确处理经济与环境,涌潮与突破,政府与市场,繁荣与危机结合具体情况进行了剖析。提出了"增长不是一切,适度发展是一切的基础"的论断。