Attention Economy


Tuesday, December 20, 2016

China and the Environmental Kuznets Curve

China maybe ahead of historic trends in prioritizing clean air and environmental cleanup: https://www.bloomberg.com/view/articles/2016-12-20/how-china-beats-the-u-s-at-clean-air-progress
Economist Tyler Cowen notes:
“To help predict when countries will start a successful fight against air pollution, economists have developed a metric known as the environmental Kuznets Curve. This curve shows that societies create more pollution as they move from poverty to wealth, but at some point they become so wealthy that they clean up the environment and then pollution declines. Well-off people don’t like breathing bad air and will sacrifice some economic growth for better surroundings.”