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The explanation offered here for the high rates of saving in China is that much of the saving has been “forced” in two Benthamite senses. Involuntary saving, the first of Bentham's meanings, includes taxes which finance investment. These have made up more than half of the total savings in China in recent years. There is also forced saving in China in the form of Bentham's second sense, conduced saving, resulting from bank loans which have financed investment. While the existence of a savings glut has been suggested for China, a better characterization would be that it has had a high rate of investment. [ABSTRACT FROM PUBLISHER]

Deals with the desired distribution for greenhouse gas emissions of the Kyoto Protocol signed in 1998. Background of the Kyoto Protocol emissions constraints; Calculations of the costs of alternative guidelines for emissions restrictions; Advantages of the alternative guidelines.

Analyzes the Global Warming Potential (GWP), a policy tool of a physical index of radioactive forcing of a greenhouse gas, which was proposed by the Intergovernmental Panel on Climate Change. Necessity of measuring and comparing the effects of greenhouse gas emissions; Information on GWP; Economic aspects of preventing global warming.