The environmental impact of Foreign Direct Investment is still to be explored totally. It is often argued that investment may come to a region or country where environment protection norms are less strict. Investors may be induced to outsource their pollution-intensive production where the...

This paper aims to show how the process of diffusion of 'clean technologies' confronts a variety of forces at the macro level that create systematic, technological and institutional barriers to their adoption. There is abundant literature on the role of technology transfer in the development of...

Global operations of Giant Firms seem to restructure the division of production and income distribution on a global scale while increasing the interdependence of nations. In this process, the FDIs seem to be the principal mechanism linking national economies, in addition to trade. But,...

This paper considers transitional dynamics of consumption and physical capital in Lucas-type growth models. We find that when the ratio of physical to human capital is sufficiently high, it is optimal for both consumption and physical capital to fall for a finite period and then rise along their...

Market based policies are fast becoming the recommended policy panacea for all the world’s environmental problems. Implicit in such recommendations is the theory that free markets, adjusted for externalities, can always create an “efficient” allocation of society’s resources. As a...

As part of its efforts to improve the rural economies of its client countries, the World Bank is supporting programs to strengthen land administration and undertake land reform. Land administration projects can include a variety of activities. Usually, the most expensive and that which is most...

Can the individual actions of agents spontaneously move the system out of a state where it is locked into an environmentally inferior technology, or is coordination from outside the system necessary in the form of public intervention? More importantly, even if the system were able to make the...

There are significant differences in the way water rights are defined, allocated and administered in Australia and overseas. This paper includes comparisons of the arrangements for managing water rights against accepted best practice principles for South Au stralia, Queensland, NSW, Victoria...

One argument against forest reservation is that people want forest reserve resources and would not deliberately destroy it. In contrast, the basic assumption underlying forest reservation in Nigeria is that local communities cannot conserve and manage forests sustainably. How well this strategy...