 Are the Costs of Cleaning Up Eastern Europe Exaggerated? Economic Reform and the EnvironmentOxford Review of Economic Policy, 1991, vol. 7, issue 4, 106-36 Abstract: Widespread concern has been expressed that the costs of reducing environmental pollution in Eastern Europe will divert substantial investment resources from the pool available for industrial modernization. In fact, apart from a number of severely damaged areas, the general level of exposure to major pollutants in Eastern Europe is not high by comparison with the OECD countries. Even without specific environmental policies the process of general economic reform combined with energy conservation induced by higher energy prices will reduce emissions by nearly 50 percent. A modest fraction of general investment in industrial modernization will deal with the remaining problems of current emissions provided that sensible systems of environmental charges are enforced. The countries will then be faced with the problem of cleaning up the debris of past industrial activity which can be tackled over an extended period of years as in other industrial economies. Copyright 1991 by Oxford University Press. Date: 1991 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:oxford:v:7:y:1991:i:4:p:106-36 Access Statistics for this article Oxford Review of Economic Policy is currently edited by Christopher Adam More articles in Oxford Review of Economic Policy from Oxford University Press and Oxford Review of Economic Policy Limited |
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