Dealing constructively with subsidies in global commerce is central to G20 leaders’ goal of reforming and strengthening the multilateral trading system. The growing use of distortive subsidies alters trade and investment flows, detracts from the value of tariff bindings and other market access...

The Need for Environmental and Natural Resource Policy -- Classical Causes of Environmental Degradation -- Public Economics and Information -- Adapting Models to Ecosystems: Ecology, Time, and Space -- The Evolution of Rights -- Review of Policy Instruments -- Direct Regulation of the...