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Tomasz Zylicz's book is an important contribution to the debate on how to finance sustainable development in transitional economies. Using Poland as an example, the author shows how sustainable development may be possible if the economic value of natural capital is accounted for.

The book studies examples of natural capital in Poland, identifies the beneficiaries of these natural assets, and discusses ways to reimburse those who own, steward or live within these assets (such as the national parks). With its focus firmly on environmental assets, rather than disruption and crises in the Central and Eastern environment, the author reports on a number of nature protection studies including economic valuation surveys, species reintroduction projects, and the financing of national park services. Regional and international contexts of the local natural heritage are highlighted. Tomasz Zylicz uses the example of Poland to frame wider theories and conclusions on how to preserve and enhance the natural capital in transition economies.

Political, environmental and natural resource economists and environmental scientists, as well as NGOs and policymakers will find this book illuminating reading.