Greening Trade and Investment

* Shows how international trade and investment can be increased without damage to the environment or threats ti developing countries. * Explains how the WTO and the Multilateral Agreement on Investment should be reformed to achieve this * Offers constructive solutions to one of the most important and difficult issues in international economic policy The book presents a comprehensive, critical analysis of the interactions between investment, trade and the environment. It examines the consequences of existing multilateral investment and trade regimes, including the WTO and the MAI, for the environment and asks how should they be reformed to protect it? In doing so it shows how these regimes can be "greened" without erecting protectionist barriers to trade that frustrate the development aspirations of poorer countries. The solution offers a way out of one of the most difficult dilemmas in international policy: how investment and trade can protect the environment without encouraging protectionism by the industrialized world.

Eric Neumayer is lecturer in environment and development at the London School of Economics.