This volume exposes the colossal implications that valuation of water resources has in providing an explanation to transboundary water disputes. By challenging the "scarcity induces disputes" contention, the volume proposes that the potential cause of dispute over transboundary waters is not physical scarcity of water, but the way in which "scarcity" is being valued by co-riparians. This is being referred here as the "scarcity value" of water. Based on neoclassical economic theory, "scarcity value" has been defined as the value that could have been generated if the ceiling on...

While the effects of climate change become ever more apparent and pressing, the discussion of sustainable practices and environmental protection is a common overture among the academic and scientific communities. However, in order to be truly effective, sustainable solutions must be tested and applied in real-world situations. Sustainability Science for Social, Economic, and Environmental Development investigates the role of sustainability in the everyday lives of ordinary citizens, including issues of economy, social interaction, exploitation of natural resources, and sources of renewable...

This book presents an enquiry into the interface between nature, economy and society, which is still in its early stages, notwithstanding the commendable progress and advances made in the field of environmental and natural resource economics within the ever-expanding boundaries of economics as a discipline. It further delineates the evolution of an inter-disciplinary framework for analyzing the status, the future goals, mechanisms and policy instruments that can help move towards a more ecologically sustainable, economically beneficial and socially just future.

A pre-requisite for...