Instruments of Change Motivating and Financing Sustainable Development

Instruments of Change examines the use of incentive systems and improved institutional arrangements to protect the environment and conserve natural resources, as a means towards sustainable development.

Foreword * Introduction * Full-cost Pricing and the Role of Economic Instruments * Economic Instruments: Typology, Advantages and Limitations * Creating Incentives for Sustainable Development * Raising Revenues for Sustainable Development * Economic and Financing Instruments for the Global Commons * Selecting the Right Instrument * Introducing Economic Instruments in Developing Countries * Developed Country Experience and its Relevance to Developing Countries * Developing Country and Transitional Economy Experience * Conclusion: Policy Lessons and Recommendations * Appendix 1: Applications of Economic Instruments in Developed Countries * Appendix 2: Applications of Economic Instruments in Transitional Countries * Appendix 3: Applications of Economic Instruments in Newly Industrialized Economies and Middle-income Countries * Appendix 4: Applications of Economic Instruments in Developing Countries * Notes * References * Bibliography * Index

Theodore Panayotou is a fellow at the Harvard Institute for International Development, and a lecturer in the Department of Economics and the John F Kennedy School of Government at Harvard University. Dr Panayotou received the 1991 Distinguished Achievement Award of the Society for Conservation Biology for his wide-ranging efforts to use economic analysis as a tool for conservation.