Changing Course focuses first on the often adversarial relationship between business and government in chapters that discuss full-cost pricing and market signals, energy, capital markets, trade, and managing change. It shows how environmental costs, which are often invisible, can best be factored into production, investment, and trade. And it calls for a rational long-term energy strategy that balances the energy needs for economic development with a policy shift toward the payment of pollution costs and energy efficiency - changes that demand new thinking and increased flexibility by policy makers in both the public and the private sectors.

Changing Course then explores business to business relationships, beginning with the sensitive topic of corporate reporting in environmental areas and discussion of how an environmentally conscious firm is managed. Chapters look at optimal products and processes, product stewardship in retail and trading companies, at new practices for such renewable resource industries as forestry and agriculture, and at the need for new long-term partnerships to boost economic development and environmental standards in the developing world.Changing Course concludes with a detailed look at the implications of sustainable development for business in the developing world, where, as former Indian Prime Minister Indira Gandhi pointed out, poverty itself is a great polluter.

1 The Business of Sustainable Development

2 Pricing the Environment: Markets,Costs, and Instruments

3 Energy and the Marketplace

4 Capital Markets:Financing Sustainable Development

5 Trade and Sustainable Development

6 Managing Corporate Change

7 The Innovation Process

8 Technology Cooperation

9 Sustainable Management of Renewable Resources: Agriculture and Forestry

10 Leadership for Sustainable Development in Developing Countries

11 Managing Change in Business

12 Managing Business Partnerships

13 Managing Stakeholder Partnerships

14 Managing Financial Partnerships

15 Managing Cleaner Production

16 Managing Cleaner Products

17 Managing Sustainable Resource Use

Appendix I

Appendix II

Notes

Index