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Title: Trade and the Environment: Economic, Legal and Policy Perspectives by Alan M. Rugman, John J. Kirton, Julie A. Soloway ISBN: 1-85898-662-1 Publisher: Edward Elgar Pub Pub. Date: April, 1998 Format: Hardcover Volumes: 1 List Price(USD): $265.00

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Average Customer Rating: 5 (2 reviews)

Rating: 5
Summary: Review By Irma S Russell
Comment: Controversy about the conflicts between free trade and the environment has been escalating since the 1970s. Indeed, the debate on free trade versus environmental protection threatened to derail the North American Free Trade Agreement (NAFTA) and has generated concern, dialogue, and criticism about the General Agreement on Tariffs and Trade (GATT). Trade and the Environment addresses this now well-known debate with an impressive collection of previously published articles. The editors have assembled 19 articles by respected economists, policy experts and legal scholars.

This collection will prove helpful to scholars - particularly those writing in or across the disciplines of law, economics, and policy. In most cases, scholars working on the questions revolving around fair trade versus free trade have developed their expertise and focus in one of the three fields makes the desirability of such a compilation clear. Reference to the collection can save significant time over the alternatives of individual research. While online databases make entering three different libraries unnecessary, the convenience of a collection of related writings far outweighs the use of online searches to discovering such a cross-section of work. Moreover, reading the articles in conjunction adds dimensions to the works and allows the reader to follow the strings developing concepts.

In the Introduction, the editors provide a readable summary of each of the articles, an explanation of the contribution of the article to the literature of the field, and thoughtful commentary.

The scholarship assembled here begins the process of taking environment values and risks seriously, a process that has been called the "greening" of economics. The works collected in Trade and the Environment highlights the growing interest among economists and scholars in environmental issues and mark the evolution of international policy towards recognition of environmental values. They suggested that environmental regulations do not necessarily impair significantly the competitiveness of countries that implement and enforce rigorous environmental protections. From any perspective, it is wise to attain an awareness of what is the tail and what is the dog in this debate. To the extent that environmental values are allowed to trump free trade, we risk a net loss of competitiveness and market efficiency. To the extent that economics values are allowed to trump environmental values, we risk more: our physical well-being and that of the planet upon which we all depend for survival.

Irma S Russell Cecil C Humphreys School of Law, University of Memphis, Tennessee, USA

Rating: 5
Summary: This book is a terrific collection on these issues.
Comment: This book is a terrific collection on these issues, indispensible for researchers. From my perspective, the legal section is the most helpful, although all parts are illuminating to the issue as a whole.