A continuous flow of technology/industrial innovation is the key to sustained dynamic growth. Developing countries have an "advantage of backwardness" as they can borrow technology/industry from the developed countries. In an open, competitive market, the optimal technology/industrial structure...

This Article is adapted from Chapter Seven of John R. Nolon, Protecting the Environment Through Land Use Law: Standing Ground, published by ELI Press. The book describes how localities are responding to new challenges, including the imperative that they adapt to and help mitigate climate change...