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Trade, Environment, and the Millennium reflects the core mission of the United Nations University Institute of Advanced Studies (UNU/IAS). This book has been put together within the framework of the Environmental Governance and Multilateralism Programme. The IAS has strategically focused upon trade and environment in the belief that this will constitute a crucial aspect of environ- mental policy as we enter the new millennium. The debate is synonymous with the complex tensions that exist between current societal structures that emphasize increased economic growth and prosperity, with the need to ensure that we do not degrade the environment beyond its restorative capacity, or deny its natural resources to future generations. The next round of trade negotiations could provide an opportunity to reconcile these seemingly mutually exclusive imperatives. A sustainable consensus, however, must be based on globally accepted principles such as common, but differentiated responsibility, the polluter pays principle, and the precautionary principle. It must also be recognized that the industrialization models of this century are not viable in the long term and that a more sustainable model of development must be sought.
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