Economics and the global environment

Economics and the Global Environment is a pathbreaking, comprehensive analysis of how economic and environmental systems mesh in the international context. The book investigates how environmental resources, such as global climate, genetic diversity, and transboundary pollution, can be managed in an international system of sovereign states without a "Global Environment Protection Agency." It also considers how traditional international economics can be expanded to ac commodate environmental values Until recently, trade theory and trade policy neglected pollution and environmental degradation. This situation has changed dramatically, and the controversial and corrosive issues of trade and the environ ment, illustrated by the trade debacle at the WTO meeting in Seattle in 1999, are given careful analysis by the author. These topics are enriched by a concise presen tation of the principles of environmental economics and by a thoughtful treatment of sustainable development. The book will appeal to students and practitioners of trade and development, as well as the environmental community. The economic analysis is rigorous yet accessible to this wide audience, and it is reinforced by skill ful use of empirical material and case studies.