Bryce Hall, Edinburgh
Rebuilding Macroeconomics (RM) is a four-year research initiative funded by the Economic and Social Research Council (ESRC),ten years after the start of the financial crisis that economists failed to predict. It is hosted by the National Institute of Economic and Social Research (NIESR) at its offices in Westminster. Their aim is to transform macroeconomics back into a policy-relevant social science.
Using GDP alone to determine prosperity is inadequate and misleading, leading policy makers to draw faulty conclusions about levels of prosperity and appropriate interventions. But this new index is based on the theory that by sharing knowledge and trying radical new approaches, more innovative policy options that are targeted to specific local communities and effective at improving quality of life will open up...Read More
Recent research shows that Lebanon could witness an increase of 1.2 to 3.2 degrees in temperatures in areas that are already very arid and suffer from water shortage. An increase in temperature and a decrease in precipitation will have particular impact on the electricity sector - a higher cooling demand in summer and increased consumption for electricity. Rising sea levels and water scarcity in Lebanon could lead to internal climate migration and mass displacement from rural to coastal regions affecting agricultural output, jobs and livelihoods. The economic situation in the cities that are already prone to poverty, illiteracy and unemployment could become worse.Read More