This paper examines the recent experience with insurance and other risk-financing instruments in developing countries in order to gain insights into the effectiveness of these instruments in reducing economic insecurity. Insurance and other risk financing strategies are viewed as efforts to recover from negative income shocks through risk pooling and transfer. Specific examples of public-privat...

This chapter addresses a topical issue: the creation of a global market for carbon dioxide (CO2) emission permits.1 The recent adoption in the Kyoto Protocol of an ambitious target for global CO2 emission has focused attention on policy instruments for achieving this goal. In addition, increasing awareness of the economic burden of environmental protection has produced an interest in market-bas...

Waste management in the UK has long made extensive use of economic instruments. They take three forms: landfill tax, packaging waste recovery notes and tradeable allowances for biodegradable municipal waste. Whether they are efficient and effective are important questions but so also is whether they are legitimate. This involves consideration of the legitimacy of the institutions that design an...

This paper critically evaluates different models of economic progress and development using concepts based on the idea of the ‘political economy’. It explores the influence of globalization on these different models and explores the nexus between the International Financial Institutions, trade bodies, and agreements that continuously exert economic pressure on governments. This paper also attem...