[St. Lucia, Qld.] : Dept. of Economics, University of Queensland, 1996.
Abstract
This paper emphasizes (in the Asian context) the fact that sustainable development and environmental conservation require simultaneous consideration to be given to the economic, social, political and environmental aspects of policy formulation. Governance, centralization and decentralization of economic decision-making and property rights must be taken into account in considering such issues. There is at present a strong focus (parttly on environmental grounds) on decentralization of economic decision-making and the empowerment of local communities. There is much evidence of such decentralization in Asia, especially China. However, we have to evaluate this trend against the adage "think globally, act locally". Because of global international and interregional ramifications of local or regional decisions, mechanisms have to be sought to reconcile local and regional interests with the interests of the wider community, especially in environmental matters. Major environmental externalities from local and regional economic activities to wider communities exist. These are illustrated in the Asian context concentrating on China. Environmental concerns raised by China's energy sector are given particular consideration because coal use in China has many serious consequences for air pollution, often over wide geographical areas. In conclusion, some environmental policy initiatives for Asia, many of which require international and interregional co-operation, are canvassed
