This book points out that because many natural and cultural features are public goods, with limited markets and hazy property rights, public policies are needed to strike the delicate balance between supply and demand.

This report is the proceedings of a colloquy held in Riga, 9-11 September 1999. The colloquy examined the conditions and results of the integration of biological and landscape diversity conservation, as well as the socio-economic aspects of tourism development programmes in western, central and eastern Europe. The colloquy focused on three pilot studies conducted by the Council of Europe on sustainable and balanced tourism development in Latvia, Ukraine and Romania.

While many rural areas continue to experience depopulation and economic decline, others are facing rapid in migration, as well as employment and income growth. Much of this growth is due to the presence and use of amenity resources, broadly defined as qualities of a region that make it an attractive place to live and work. Rather than extracting natural resources for external markets, these communities have begun to build economies based on promoting environmental quality. Amenities and Rural Development explores the paradigmatic shift in how we view land resources and the potential for development in amenity-rich rural regions.

This volume reviews a range of different valuation methodologies -- stated preferences, cost-benefit, revealed preferences, and others -- and looks at how these different approaches influence choices in rural policy.

The report highlights the diverse challenges facing rural areas, their unused potential, and the inability of sectoral policy alone to address these challenges.

This book investigates the role of wealth in achieving sustainable rural economic development. The authors define wealth as all assets net of liabilities that can contribute to well-being, and they provide examples of many forms of capital – physical, financial, human, natural, social, and others. They propose a conceptual framework for rural wealth creation that considers how multiple forms of wealth provide opportunities for rural development, and how development strategies affect the dynamics of wealth. They also provide a new accounting framework for measuring wealth stocks and flows. These conceptual frameworks are employed in case study chapters on measuring rural wealth and on rural wealth creation strategies. Rural Wealth Creation makes numerous contributions to research on sustainable rural development. Important distinctions are drawn to help guide wealth measurement, such as the difference between the wealth located within a region and the wealth owned by residents of a region, and privately owned versus publicly owned wealth. Case study chapters illustrate these distinctions and demonstrate how different forms of wealth can be measured. Several key hypotheses are proposed about the process of rural wealth creation, and these are investigated by case study chapters assessing common rural development strategies, such as promoting rural energy industries and amenity-based development. Based on these case studies, a typology of rural wealth creation strategies is proposed and an approach to mapping the potential of such strategies in different contexts is demonstrated. This book will be relevant to students, researchers, and policy makers looking at rural community development, sustainable economic development, and wealth measurement.