People and culture, creating a resilient work force through workplace coaching. Reflections and lessons from a small rural health experience

Abstract

Climate change is the greatest example of market failure the world has ever seen according to the Stern Review on the Economics of Climate Change in 2006. This type of market failure, termed externality in economics, leads to an inefficient use of a society’s resources, so-called suboptimal allocation of resources. As a result, welfare of this society is smaller than what could be achieved. Environmental externalities arise not only from climate change but also from changes of air, water, and soil quality, inducing impacts on human health, the built environment, and ecosystems.