Premium
Market‐based environmental development
Author(s) -
Raufer Roger K.
Publication year - 1992
Publication title -
natural resources forum
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.646
H-Index - 49
eISSN - 1477-8947
pISSN - 0165-0203
DOI - 10.1111/j.1477-8947.1992.tb00556.x
Subject(s) - industrialisation , environmental pollution , process (computing) , business , developing country , natural resource economics , pollution , environmental planning , politics , environmental economics , environmental protection , environmental science , economics , economic growth , computer science , market economy , political science , ecology , law , biology , operating system
Industrialization has caused significant pollution damage, but the manner in which certain historical environmental problems were overcome provides insight for approaching today's concerns. The efficiency of markets played a key role in that process, and will also be important in an environmentally driven future. Marketoriented mechanisms can optimize pollution control strategies, incorporate energy efficiency and serve to transfer resources from developed to developing economies for environmental purposes. These changes will have considerable implications for political systems in both the developed and developing world.