Greening Trade and Investment: Environmental Protection Without Protectionism / Edition 1

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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 they should be reformed to protect it. In doing so, the text shows how these regimes can be greened without erecting protectionist barriers to trade that frustrate the development aspirations of poorer countries. The solution seeks to offer 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.

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Editorial Reviews

Neumayer focuses on the trinity of investment, trade, and environmental protection. In Part 1 he rightly notes that progress in international environmental affairs will only be made when developing nations realize that environmental elements can be incorporated into multilateral investment and trade regimes without harming their development ambitions. In Part 2 he reports that available empirical evidence does not suggest that differences in environmental standards affect the allocation of investment. In Part 3 Neumayer argues that trade liberalization can hurt as well as help the cause of environmental protection. This is a useful introduction to the issues at the interface of investment, trade, and the environment. Academic collections, undergraduate level and up, and professional libraries.
Noting that many environmentalists are wary of foreign investment and international trade, and that some developing countries see environmental regulation as unfair to them, Neumayer (environment and development, London School of Economics) explores how the multinational investment and trade regimes could be made more environmentally friendly without unnecessarily restricting the free flow of capital and goods and services, and without detriment to the aspirations of developing countries. Distributed in the US by Stylus. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9781853837883
  • Publisher: Taylor & Francis
  • Publication date: 8/28/2001
  • Edition description: 1
  • Edition number: 1
  • Pages: 240
  • Product dimensions: 4.97 (w) x 8.10 (h) x 0.98 (d)

Meet the Author

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

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Table of Contents

• Introduction
• Part One: Foundations - Globalization: Investment, Trade and the Environment in an Integrating World Economy
• The Current Multilateral Trade and Investment Regimes
• Part Two: Investment - Pollution Havens: Do Developing Countries Set Inefficient Environmental Standards to Attract Foreign Investment?
• Regulatory Chill: Do Developed Countries Fail to Raise Environmental Standards Because of Feared Capital Flight?
• Roll-back: Do Foreign Investors Use Investor-to-State Dispute Settlement to Knock Down Environmental Regulations?
• A Case Study: The Failed Attempt to Conclude a Multilateral Agreement on Investment
• Part Three: Trade - Trade Liberalization and the Environment
• GATT/WTO Dispute Settlement and the Environment
• WTO Rules and Multilateral Environmental Agreements
• Conclusions and Summary of Policy Recommendations
• Appendix: Environmental Provisions in Regional and Bilateral Trade and Investment Agreements
• Notes
• References
• Index

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