Economic Development and Environmental Protection in Latin America

By Joseph S. Tulchin | Go to book overview

10
A Congressional Perspective

John Edward Porter

The concept of the debt-for-nature swap is generally credited to Thomas Lovejoy, former president of the World Wildlife Fund (WWF) and presently assistant secretary for external affairs at the Smithsonian Institution.I have heard it said that "daring ideas are like chessmen; they may get beaten on the way to winning the game." In 1984, Tom Lovejoy had a daring idea.An idea born out of two crises—crushing Third World debt and environmental destruction.Today, five years and nine debtswaps later, it is clear that the idea has come of age. I only hope we can win the game.

Debt-for-nature swaps have taken place in Bolivia, Costa Rica, the Philippines, Zambia, Ecuador, and Madagascar. With murders of environmental leaders in the Amazon, surging numbers of environmental refugees, overburdened urban centers, and a forest the size of a football field being destroyed every second of every day, serious consideration has been given to such creative solutions.

While we collectively address the twin crises of debt and deforestation at the moment, we must also be involved in restructuring current development policies in order to preclude the need for crisis management plans in the future. Programs at the multilateral development banks, for example, should establish policies for long-term growth. Past strategies have relied on exports and programs that promote short-term economic gains, flooding world markets and placing an unhealthy emphasis on single-crop agriculture. The result has been rampant inflation, internal disruption, and shelves virtually devoid of all affordable subsistence goods for the average consumer.

Mechanisms to link long-term economic growth and environmental protection are embodied in the Tropical Forest Protection Act, H.R. 1704. The act would use World Bank loans to swap private debt for environmental protection.It also provides for environmental structural

____________________
John Edward Porter is a member of the US Congress from Illinois.

-77-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Economic Development and Environmental Protection in Latin America
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen
/ 143

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.