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Alpay, Savas. Trade and the Environment: Analysis of Reciprocal Interactions.(Book review)
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Alpay, Savas. Trade and the Environment: Analysis of Reciprocal Interactions. Boston: Kluwer, 2002, 215 pp.
Interactions between trade and the environment are poorly understood. The inherently general equilibrium effects of trade on an economy make the task of predicting its effects on resource allocation and valuation extremely difficult. Similarly, the complexity and dynamism inherent to environmental systems means that linking market stimuli to measurable outcomes is always problematic. Welfare analysis of trade-environment interactions takes place almost invariably in a ...
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