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Financial Drivers of Environmental Performance: The Political Economy of Globalization and Liberalization in the Extractive Industries

In: Towards an Environment Research Agenda

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  • Adrian Winnett

Abstract

The first step is necessary since there is not available at present a coherent economic analysis of international trade and investment in natural resources. The relevant analysis is partially addressed by a number of pieces of economic analysis which only partially overlap, some of which were developed some time ago and others of which have been evolving rapidly (as part of the increasing returns/imperfect competition ‘revolution’ in international economics, for example, Helpman and Krugman, 1985; Grossman, 1992). We cannot begin to hope, in the present paper, to construct such a coherent analysis, but we can provide some pointers that help in identifying the likely financial and environmental effects of increasing international integration of natural resource markets. In fact, such an analysis must push beyond the bounds of the conventionally economic since it involves states and political groupings within states as essential actors, hence the use of the term ‘political economy’.

Suggested Citation

  • Adrian Winnett, 2003. "Financial Drivers of Environmental Performance: The Political Economy of Globalization and Liberalization in the Extractive Industries," Palgrave Macmillan Books, in: Adrian Winnett & Alyson Warhurst (ed.), Towards an Environment Research Agenda, chapter 6, pages 106-123, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-53681-4_7
    DOI: 10.1057/9780230536814_7
    as

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