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THE ECONOMICS OF GLOBAL CLIMATIC CHANGE This timely work provides the analytical tools for developing practical, environmentally-friendly economic policies. It integrates the latest scientific findings about the Global Warming Potential with advances in economic theory and methods to show how and why climate and the economy are interrelated at the local, national, and global levels. Using nontechnical language and a minimum of mathematics, Rao explains the impact of pollution, population growth, agricultural development, and other forces on the environment and offers a framework for improvement.