More evidence on the emergence of regions

Saturday, December 18, 2004

Globalization is pushing regions to the forefront of economic changes, while at the same time weakening the leverage of national governments to intervene in markets.

Here is a good case in point. This week, the United Nations is holding a global warming conference in Argentina. While the Bush administration has dug in its heels by refusing to sign the Kyoto Protocol to reduce "greenhouse gases", a number of states are moving ahead on their own.

In New England, eight states have come together in an effort to reduce emissions. last month, in the Pacific Northwest, California, Oregon and Washington signed an agreement to work together. Even more interesting, talk emerged this week of a European-U.S. market in carbon-trading.

Learn more.

posted by Ed Morrison |

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