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What sacrifices do developing countries make in their environment to progress in their economic advancement? This work is comprehensive in its survey of environmental economics. Bridging the gap between theory and application, the authors explore many issues including evaluating environmental damage and benefits, population growth and resources scarcity, income distribution and poverty, acid rain and the greenhouse effect, and world markets and natural resource degradation.

"Over the last several years a number of books have been written on sustainable development, defined as 'development that meets the needs of the present without compromising the ability of future generations to meet their own needs.' This is the best of the lot....Offers a very rich menu of specific examples of how the rather abstract principles of sustainable development can be applied in the developing country context....accessible to a wide audience."--Choice

David W. Pearce

David Pearce is Professor of Environmental Economics at UCL. In the summer 2000 Queen's Honours List he was awarded the O.B.E for services to sustainable development. He has recently been awarded an Honorary Doctorate of Science at the University of East Anglia. He is currently working on a monograph on the UK experience with market based instruments (with Dieter Helm of New College, Oxford) and a major textbook on development and environment.

Jeremy J. Warford

Jeremy Warford is Visiting Professor in Environmental Economics. He has a PhD in economics from the University of Manchester, and has spent most of his career in international development, primarily with the World Bank, where his last position was Senior Adviser in the Environment Department. Since leaving the World Bank he has had consulting assignments with numerous development institutions, including the World Bank, Asian Development Bank, Inter-American Development Bank, DFID, UNIDO, Japan International Cooperation Agency, Japan Bank for International Cooperation, Japan Ministry of Environment, and the China Council for International Co-operation on Environment and Development (CCICED). He is also a Board member of the International Institute for Environment and Development (IIED).