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Why sustainable, inclusive, and resilient investment makes for efficacious post-COVID medicine

Zenghelis, Dimitri (2021) Why sustainable, inclusive, and resilient investment makes for efficacious post-COVID medicine. Wiley Interdisciplinary Reviews: Climate Change, 12 (4). ISSN 1757-7780

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Identification Number: 10.1002/wcc.708

Abstract

The global economy is facing an unprecedented challenge, with the risk of a protracted depression following the response to COVID-19. In 2014, I argued here that macroeconomic conditions made it a relatively favorable time to kick-start investments in a resource-efficient, low carbon economy. Yet the opportunity was, for the most part, squandered. Failure to utilize active fiscal policy contributed to growing private indebtedness, limited productivity and wage growth and widened inequality helping erode trust in institutions. All the while, greenhouse gas emissions continued to rise. This time, there are grounds for optimism that a more coordinated response toward generating an ambitious transition to net zero emissions might contribute to a strong, sustainable, and resilient recovery. This article is categorized under: Climate Economics > Economics of Mitigation.

Item Type: Article
Official URL: https://onlinelibrary.wiley.com/journal/17577799
Additional Information: © 2021 The Author
Divisions: Grantham Research Institute
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
H Social Sciences > HB Economic Theory
Date Deposited: 24 Jun 2021 15:48
Last Modified: 20 Jul 2021 03:04
URI: http://eprints.lse.ac.uk/id/eprint/110936

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