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Emergy Impact of WorldBank&IMF

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  • Htoeco@aol.com
    H.T.Odum re: Emergy evaluation of WorldBank and IMF impact on less developed countries: (See: international chapter, pages 208-219 of Environmental
    Message 1 of 1 , Apr 20, 2000
      H.T.Odum re: Emergy evaluation of WorldBank and IMF impact on less
      developed countries: (See: international chapter, pages 208-219 of
      Environmental Accounting, Emergy and decision Making, John Wiley)
      The emergy/$ ratios (after currency conversions to $) are much higher in the
      less developed countries than in developed nations. Where the ratio is 4/1
      the repayment with interest in real wealth is equivalent to a 440% interest
      for a loan with a 10% interest rate. The raw resources bought by developed
      countries transfer 2 to 250 times more real wealth than is paid for in buying
      power of money exchanged. An undeveloped country can develop its own capital
      faster by using its real wealth at home than by trying to exchange real
      wealth for a fraction of its real value. For example, with shrimp pond
      mariculture in Ecuador the real wealth of the mangrove coastal zone was taken
      from the local people and sold to the U.S. for a fraction of its emergy
      value.
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