Journal Issue

Books in brief

International Monetary Fund. External Relations Dept.
Published Date:
January 1993
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Narendra P. Sharma (editor)

Managing the World’s Forests

Looking for Balance Between Conservation and Development

Kendall/Hunt Publishing Company, Dubuque, Iowa, USA, 1992, iii + 605 pp., $34.95.

Long taken for granted, the world’s forests must now be saved. Nearly half of the world’s population depends to some extent on forest goods, yet deforestation is increasing at an alarming pace, and the exploitation of forests raises the specter of climate change, degraded lands, the destruction of ecosystems, and the loss of species. Some nations have begun to act, but as the highly charged debate at the Rio Earth Summit in 1992 showed, there is anything but a consensus on (1) how best to arrest destructive deforestation and manage existing forests on a sustainable basis, and (2) how best to increase forest resources through reforestation and afforestation.

At such a time, this book is a welcome addition, offering readers an unusual diversity of views—sometimes, even opposing views—from authors representing the social, physical, and biological sciences. It is an outgrowth of a recent comprehensive study undertaken by the World Bank, which drew on its own and outside experts, to help the institution define its evolving forestry policy. The ground covered is vast, ranging from agroforestry, biological diversity, and watershed management to forest valuation, the sociocultural issues, and the conditions for sustainable development. At the end is a handy statistical appendix filled with hard-to-find data, compiled by country and region, on forest resources and forestry activities.

Richard Layard, Olivier Blanchard, Rudiger Dornbusch, and Paul Krugman

East-West Migration The Alternatives

The MIT Press, Cambridge MA, USA, 1992, 94 pp., $19.95.

This topical and readable little book provides a survey of the economic factors influencing migration from Eastern to Western Europe, and the likely effects of a mass movement. The authors concede that’ the supply of migrants, though not unusually high by historical standards, will far exceed what will be politically acceptable. They argue that significant migration should nevertheless be encouraged: all sectors of Western European society could benefit directly, and everyone has an interest in promoting the stability of Eastern Europe through the “safety valve” of migration. Pressure to migrate can be mitigated, but not eliminated, by liberalizing trade, encouraging foreign direct investment, and providing aid conditional on the pursuit of sound policies by the governments of Eastern Europe. Economists will find the arguments familiar and eminently sensible. Hopefully some policymakers and the non-economist public will not be put off by the minimum of graphs and equations included, so that this pamphlet can contribute to the formulation of a more rational policy toward immigration from Eastern Europe and elsewhere. The recommended price seems rather dear for such a little book.

The chart on p. 29 in the article by Gunnar Eskeland (December 1992) inadvertently showed the wrong scale. The chart below is the corrected version.

Controlling air pollution from transport in Mexico City

incremental cost of reducing emissions (dollars per ton)

Source: Eskeland, 1992.

Statement of Ownership, Management, and Circulation required by 39 USC 3685.

la. Title: Finance & Development. Ib. Publication No. 123-250. 2. Date of filing: 10/29/92.

3. Frequency: Quarterly.

4. Complete mailing address of known office of publication: Finance & Development, International Monetary Fund, Washington, DC 20431.

5. Complete mailing address of the headquarters of general business offices of the Publisher: International Monetary Fund and the International Bank for Reconstruction and Development, Washington, DC 20431.

6. Full names and complete mailing address of Publisher and Editor: Publisher: International Monetary Fund and International Bank for Reconstruction and Development, Washington, DC 20431; Editor: Pamela J. Bradley, same address.

7. Owner: International Monetary Fund and the International Bank for Reconstruction and Development, Washington, DC 20431.

8. Known bondholders, mortgagees, and other security holders owning or holding 1 percent or more of the total amount of bonds, mortgages, or other securities: None.

9. Extent andAverage no. of copies eachActual no. of copies of single issue
nature of circulationissue in preceding 12 monthspublished nearest to filing date
A. Total number of copies55,25052,000
B. Paid and/or requested circulation
C. Total paid and/or requested circulation41,03436,410
D. Free distribution by mail, carrier, or other means Samples, complimentary, and other free copies13,71613,753
E. Total distribution (sum of C and D)54,75050,163
F. Copies not distributed5001,837
G. Total (sum of E and F)55,25052,000
I certify that the statements made by me above are correct and complete.Pamela]. Bradley, Editor

Cover art: Luisa Watson. Photo in cover: Padraic Hughes-Reid. Art on pages 19, 22, 41, 42: Lew Azzinaro; page 35: Dale Glasgow; page 26: Robert Frederick; pages 2, 13, 16, 17, 18, 38: Luisa Watson. Charts: Dale Glasgow and Luisa Watson. Cover graphics support: Graphics Unit. Bank photos: M. Iannacci. IMF photos and pages 3, 6, 7, 9: Denio Zara and Padraic Hughes-Reid.

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Finance & Development

International Monetary Fund

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