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1 Int'l Env't Agreements: Pol. L. & Econs. 1 (2001)

handle is hein.journals/intenve1 and id is 1 raw text is: International Environmental Agreements: Politics, Law and Economics 1: 1-5, 2001. Editorial This is the first issue of the new journal International Environmental Agreements - Politics, Law and Economics. The challenge for editors and authors alike is to present provocative, scientifically sound and analytically rigorous research results that help society to achieve, in an age of globalisation, the triple objectives of economic development, social equity and the sustainable use of environmental resources. This journal aims to attract state of the art articles from a wide range of disciplines and perspectives on environmental problem solving through the use of international environmental agreements, whether formal or informal, private or public. Globalisation and Polarisation The twenty-first century has indeed begun with an accelerated trend towards globalisation. Increased media coverage, expansion of world trade and investment, integrated financial markets, the world-wide web and changing patterns and inten- sities of labour migration contribute to a growing complexity and interdependency at the global scale. At the same time there is increased polarisation with capital flight, selective labour migration, and monopoly positions held by large multina- tionals. Environmental Impacts The growth and impacts of these global trends is higher than many of the existing state oriented institutions can cope with. There is fear of growing environmental damage at the global, regional and/or local levels. The use of fossil fuel energy and ozone depleting substances have global effects. The use of water, fertilisers and pesticides have predominantly regional effects with global spill-overs. Exploitation of natural systems and loss of biodiversity have implications at the local, regional and global scales. Globalization increases global wealth, but is accompanied by shifts in the concentration of social and environmental wealth at national and international levels. Political and Scientific Complexities It is widely accepted that when global and/or regional environmental resources are at stake international co-operation and agreement is necessary. But, there is less consensus on the need for international agreement to deal with so-called local

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