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2010-01-07

Is economics rich countries'?

Comments on Andrew Elek “The G20: principles for meeting the global challenge of climate change”, 7/01/2010, http://www.eastasiaforum.org/2010/01/07/the-g20-principles-for-meeting-the-global-challenge-of-climate-change/

Although the article touched about the so called self selection of big groups like the G20, it has not advanced any effective measures or principles for such groups to avoid or mitigate that tendance among those groups or perceptions among others outside those groups.

Why don't people devisee some principles or processes that can improve the representation of those groups? For example, to have a principle of voting weight associated with any members that are actually representing not only themselves but also some others outside those groups? This will create some incentives for group members to take the interests of others outside the groups.

A second issue that the article also touched but failed to have a sound economic principle is equal per head emissions. If emissions represent a market failure, why don't economists apply the sound economic principles of tackling market failures such as externalities associated with emissions?

I guess it is all related to self interests that rich countries will have to shoulder the main costs if such well founded economic principles are applied. It is a well entrenched problem of economics it is perceived to be rich countries' tool to disadvantage the others and when it does not suit the rich, it will be abandoned.

For example, why is it the case for "convergence towards equal emissions per head by an agreed date, such as 2050", proposed in this article, as opposed to now or even back dated to the past?

Where is the user pay principle? Where is the property right that economists and everyone talk about?

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