 Financial Drivers of Environmental Performance: The Political Economy of Globalization and Liberalization in the Extractive IndustriesAdrian Winnett Chapter 6 in Towards an Environment Research Agenda, 2003, pp 106-123 from Palgrave Macmillan Abstract: 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’. Keywords: Foreign Direct Investment; Risk Premia; Multinational Enterprise; Extractive Industry; International Capital Market (search for similar items in EconPapers) 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:pal:palchp:978-0-230-53681-4_7 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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