The Financial Crises of the 1990s and Environmental Sustainability: A Comparison of Developed versus Less Developed Countries
The Financial Crises of the 1990s and Environmental Sustainability: A Comparison of Developed versus Less Developed Countries

Summary/Abstract: In this study, we examine the impact of the financial crises of the 1990s on developed versus less developed countries’ environmental sustainability scores. Our results for the developed countries show that while these crises have not had a significant impact on the Environmental Performance Index or its two main components (i.e. Environmental Health, and Ecosystem Vitality), it affected a few subcategories. Our results for the less developed countries show that the crises have not had a significant impact on any main component or any major subcomponents. Developed countries, on the other hand, are affected in terms of several indicators including “Environmental burden of disease trend”, “Biodiversity and habitat”, and “Forestry”. These countries’ scores on many environmental components including “Child mortality”, “Agricultural subsidies”, and “Pesticide regulation” also declined.

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