The international economy experiments today with its most significant change since World War II. This change coincides with a renewed interest in problems created by the issue of natural, non-renewable resources, and the acute inequalities in the worldwide distribution of the wealth....

This chapter focuses on how the lack of property rights in North-South trade of primary resources can distort trade and threaten the sustainability of development. This issue is examined within a two-region world economy where one region, the North, represents the industrial countries, and the...

The global environment can be described by the physical dynamics and the economic use of the earth's resources. It has become. to a certain extent, a North-South issue.1 Developing countries tend to specialize in the production and the export of goods which deplete environmental resources such...

Differences in property rights create a motive for trade among otherwise identical regions. Two regions with identical technologies, endowments, and preferences will trade if one, the South, has ill-defined property rights on environmental resources. Trade with a region with well-defined...