Climate change and economic resilience through urban and cultural heritage: the case of emerging small island developing states economies

Allam, Zaheer and Jones, David 2019, Climate change and economic resilience through urban and cultural heritage: the case of emerging small island developing states economies, Economies, vol. 7, no. 2, doi: 10.3390/economies7020062.

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Title Climate change and economic resilience through urban and cultural heritage: the case of emerging small island developing states economies
Author(s) Allam, Zaheer
Jones, DavidORCID iD for Jones, David orcid.org/0000-0003-3990-5520
Journal name Economies
Volume number 7
Issue number 2
Total pages 23
Publisher MDPI
Place of publication Basel, Switzerland
Publication date 2019-06
ISSN 2227-7099
Summary While the topic of climate change is of global importance and has global consequences, the context is far more dangerous for emerging economies, including small island developing states (SIDS) and their coastal cities. The literature supports the need for robustness in infrastructural dimensions of such economies. However, the preparatory economic aspects have been overlooked in favour of post-impact disaster management studies by many countries. The latter studies have also focused upon the need for heavy financial investments without investigating solutions for economic strengthening of those economies including climate change mitigation and affordability. As such, emerging SIDS economies have struggled to meet these obligations from their internal finances that draw predominantly from tax revenue sources and foreign aid thereby often leading to increased debts contributing to economic austerity and decreasing liveability levels when repayment commitments fail. Public-private partnerships (PPP), another sought-after loan strategy, which often attracts foreign direct investment (FDI), can work if PPPs are carefully designed within strict public monitoring criteria. However, their applicability needs to be expanded to include the wider social strata of a city to ensure inclusivity and cohesiveness, and formulated to contribute to a wider urban regeneration agenda. This paper proposes a more inclusive framework bridging governance with drivers for sustainable development, using urban heritage and culture as a strategic thread for debt repayment and economic empowerment through PPP. This paper seeks to inform policymakers on sustainable pathways as it relates to SIDS cultural heritage conservation policies and practices towards better economic resilience in the wake of climate change.
Language eng
DOI 10.3390/economies7020062
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2019, The Authors
Persistent URL http://hdl.handle.net/10536/DRO/DU:30123192

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