Document Type
Article
Publication Title
Boston College Environmental Affairs Law Review
Abstract
Today the Soviet Union and other nations that have employed state socialist economies are moving toward market economies. The deficiencies of central planning and the advantages that a market economy provides in decentralized decisionmaking and flexible incentives are the primary factors motivating this transition. As these nations develop their environmental protection institutions, they should look to market mechanisms to protect the environment. The United States, despite its market-based economy, has relied heavily on central planning-style, "command-and-control" tools to achieve its environmental protection goals. As the high cost and limited effectiveness of these tools has become more evident, the United States has begun shifting to the use of market-based incentives in its environmental policies. The Soviet Union can learn from the United States's experience and adopt its own market-based environmental protection strategies.
First Page
547
Volume
19
Publication Date
1992
Recommended Citation
Richard B. Stewart,
Models for Environmental Regulation: Central Planning Versus Market-Based Approaches,
19
Boston College Environmental Affairs Law Review
547
(1992).
Available at:
https://gretchen.law.nyu.edu/fac-articles/1122
