By Mohan Munasinghe, International Society for Ecological Economics, World Bank
Environmental affects of Macroeconomic and Sectoral rules [Paperback]
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Extra info for Environmental Impacts of Macroeconomic and Sectoral Policies
Hence, countries should not protect their industries against imports from countries with lower standards. On the other hand, harmonization of the form of environmental policy (principles and measures) is highly desirable. Tensions between trade and the environment may be reduced by global adherence to the "polluter pays" principle (PPP). The cost effectiveness of measures to address international or global environmental problems may differ between countries. The effect of international trade growth on the environment can be positive or negative, depending on the case examined.
2, pp. 7-17. Munasinghe, Mohan. 1993. Environmental Economics and Sustainable Development. : World Bank. Munasinghe, Mohan, and Jeffrey McNeely. 1995. C. Munasinghe, Mohan, and Walter Shearer. 1995. Defining and Measuring Sustainability: The Biogeophysical Foundations. C. , and K. Turner. 1990. Economics of Natural Resources and the Environment. Baltimore: John Hopkins University Press. Solow, R. 1986. "On the Intergenerational Allocation of Natural Resources. "Scandinavian Journal of Economics.
Simultaneously, currency devaluation policies were adopted to improve the terms of trade and make exports more competitive in international markets. Although these reforms were expected to cause short-term recessionary effects, it was argued that economic growth would resume soon as export-lead growth increased. Adjustment policies were required to accelerate the economic recovery and growth of the export sector. These policies focused on the supply side and addressed inefficiencies of the internal economic structure.