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The United Nationsl Confeence on Environment and Development (UNCED) held in Rio de Janeiro in June 1992, forms a cornerstone in the development of a new international regime for the protection of the environment. It stressed, inter alia, the close links which exist between the economic problem of Third World development and the protection of the environment.;The use of natural resources must be sustainable, in order to pass on an acceptable environment to future generations. For this purpose States have common but differentiated responsibilities. This book analyzes the most relevant results of the Rio discussions and looks at prospects for the future from a political, legal and economic point of view. The authors of the essays are eminent specialists in international law and economics from various parts of the world.;The essays are updated versions of the papers submitted to a Conference organized by the Istituto per l'Ambiente (a non-profit organization based in Milan, Italy) held in Courmayeur, Italy on 11-13 February, 1993.