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This paper analyses aspects of natural resource policy and environmental policy in Canada. In the taxation of resource-based activities, the management of water supply and the Atlantic fisheries management, the paper finds that there are incentives that may lead to overexploitation, over-harvesting or over-use, with possible harmful environmental consequences. Water prices are kept low, especially for agricultural use, exacerbating water availability problems in some areas, whereas the ban on bulk water removal and exports reveals a high implicit valuation of water. The use of economic water pricing and transferable water rights in some areas would establish more consistent incentives. The evolution of the crisis in the Atlantic fisheries illustrated the problems of balancing short-term adjustment costs against long-term sustainability. A more precautionary approach in setting total allowable catches and the removal of incentives for labour to remain in the sector may ...

Economics --- Canada

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What does the Paris Club do for debtor countries, and more particularly for the poorest of them? Set up to ease the liquidity constraints of a country experiencing payment problems, by rescheduling its debt with the creditor governments, the Paris Club has frequently had to intervene since the beginning of the debt crisis. Since the Toronto Summit of June 1988 it has also been playing the role of aid provider for the poorest debtor countries. After describing the functioning of the Paris Club in part one, the study goes on to evaluate the extent and role of the liquidity provided by the Club throughout the 1980s in part two. An initial finding is that the sums rescheduled through its action were very much greater than those lent over the same period by the creditor governments comprising the Club. Through focusing on selected African countries, the paper then shows that the main role of the liquidity created has been to avoid these countries' accumulating massive arrears and being cut.

Debt relief. --- Debt relief --- France --- Developing Countries.

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What does the Paris Club do for debtor countries, and more particularly for the poorest of them? Set up to ease the liquidity constraints of a country experiencing payment problems, by rescheduling its debt with the creditor governments, the Paris Club has frequently had to intervene since the beginning of the debt crisis. Since the Toronto Summit of June 1988 it has also been playing the role of aid provider for the poorest debtor countries. After describing the functioning of the Paris Club in part one, the study goes on to evaluate the extent and role of the liquidity provided by the Club throughout the 1980s in part two. An initial finding is that the sums rescheduled through its action were very much greater than those lent over the same period by the creditor governments comprising the Club. Through focusing on selected African countries, the paper then shows that the main role of the liquidity created has been to avoid these countries' accumulating massive arrears and being cut.

Debt relief. --- Debt relief --- France --- Developing Countries.

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What does the Paris Club do for debtor countries, and more particularly for the poorest of them? Set up to ease the liquidity constraints of a country experiencing payment problems, by rescheduling its debt with the creditor governments, the Paris Club has frequently had to intervene since the beginning of the debt crisis. Since the Toronto Summit of June 1988 it has also been playing the role of aid provider for the poorest debtor countries. After describing the functioning of the Paris Club in part one, the study goes on to evaluate the extent and role of the liquidity provided by the Club throughout the 1980s in part two. An initial finding is that the sums rescheduled through its action were very much greater than those lent over the same period by the creditor governments comprising the Club. Through focusing on selected African countries, the paper then shows that the main role of the liquidity created has been to avoid these countries' accumulating massive arrears and being cut ...

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This document analyses certain economic aspects of environmental policy in France, focussing on greenhouse gas emissions, water pollution and discharges in city air. Like most other OECD countries, France has been endeavouring for some years to make its growth environmentally sustainable. These efforts have been based on the traditional instruments of environmental protection—regulatory standards, in particular. But this approach has lacked economic efficiency in that it has not allowed efforts to be concentrated on pollution sources with the lowest abatement costs. Aware of these inadequacies, the authorities have adopted a new approach that involves more extensive and more efficient use of economic analysis and instruments. However, the measure adopted to curb emissions of greenhouse gases — negotiation of voluntary agreements with industrial producers — will not serve to reduce greenhouse gas emissions significantly and at least cost, as international experience has shown. It ...

Economics --- France