ABSTRACT
This introduction presents an overall view of key concepts discussed in the subsequent chapters of this book. The book begins with an overview of the emerging economies and the international system of classification used to label them. It also explores the competing drivers of market-based environmental policies in these countries. The book introduces the comparative capitalism approach, which the author argues as a more compelling explanation for the environmental outcomes found in this research. It explores how various sets of economic institutions perform in market-based policies used to incentivize new market formation. The book discusses the dynamic nature of capitalism among the emerging economies. It provides an overview and demonstration of the Qualitative Comparative Analysis (QCA) approach. The book examines the argument that an explanation for the success and failure of Clean Development Mechanism (CDM) market creation is due to the variation in capitalist institutions among the EMEs. It presents the final analysis of determinates of CDM market formation.
