Although there is a rationale for a more conservative management of the remaining tropical forests, policy-makers in the tropical countries tend to be reluctant to implement appropriate policy measures, because they fear the short-run economic costs of environmental protection. Taking Indonesia...

In the October issue of INTERECONOMICS the author already published an article on "Environmental issues and the Developing Economies". The present continuation deals with the effects which the adoption of environmental controls in the developed countries may have on the developing economies.

Environment policy is a crucial part of social policy. The problems involved can be solved only if all act in unison and in close international coordination. A progressive environment policy must comprise all the planning and defensive measures required to safeguard the environment.

Assuming the convergency criteria are not watered down, European Monetary Union will begin on 1.1.1999 with just a few core countries. With the help of the theory of clubs, Professor F. L. Sell analyses the incentive effects of the "monetary club" on founding members and "outsiders".