The concept of 'Common but Differentiated Responsibilities' in international environmental law means that:
A.All countries have identical obligations
B.Only developed countries have any responsibility
C.All countries share responsibility for environmental protection but the nature and extent of obligations differ according to capabilities and historical contributions
Explanation:
The principle of common but differentiated responsibilities recognises that while all states are responsible for addressing global environmental problems, their respective obligations differ according to their capacities and their historical contributions to the problem.
Explanation:
The base year supplies the constant price weights used to compute real GDP and other volume measures, enabling meaningful comparisons over time.
Explanation:
The Guidotti-Greenspan rule is a rule of thumb recommending that emerging-market countries hold foreign-exchange reserves at least equal to their short-term external debt in order to reduce vulnerability to sudden stops.
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