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The Kyoto Protocol represents nearly a decade of interational effort to reduce carbon emissions, but it has not been ratified by any major greenhouse emitter and it has been rejected by the US. This text argues that the contemporary approach of international negotiations on the Kyoto Protocol is going in the wrong direction, and it offers what the authors believe is a blueprint for more effective policy. They believe that managing uncertainly - particularly the future costs of any plan - is key to realistic climate policy. They maintain thatsustainable policy should meet four basic criteria:...

How has increasing economic integration at regional and global level affected the functioning of the global economy? What are the consequences of globalisation and regionalism for world trade, production processes and domestic economies? What kind of economic adjustments do these phenomena imply in terms of factor mobility and relative costs? Globalisation, Regionalism and Economic Interdependence answers these and other questions by exploring the relationship between globalisation and regionalism from both academic and policy-making perspectives. It assesses the extent to which increased...