Does globalization have any implications for environmental policy? Justify and support your position.
The adverse impact of globalization on the environment is backed by what is called as the 'race-to-the-bottom' postulation . This viewpoint claims that enhanced gains from globalization are obtained at the cost of the environment as more open economies take up looser environmental standards. Those who back this bleak viewpoint of globalization say it generates global competition, causing an increase in economic deeds which deplete natural resources.
The augmented economic activities leads to augmented discharges of industrial pollutants & thus causes environmental ruin. The pressure on international companies to stay competitive compels them to embrace cost-saving manufacturing methodologies which can be environmentally detrimental.
But actually, deglobalization may not essentially translate into lessened emissions of unsafe gases like CO₂, NO₂, but could in fact worsen it. Globalization does not only entail the movement of manufactured products, but also the transfer of capital, intermediate products and technologies. That implies MNCs with clean state-of-the-art techniques can pass on their green knowledge to nations with weak environmental standards.
It is widely known that MNCs utilize cleaner kinds of energy than local companies, and thus have more energy-effectual production procedures. Deglobalization could imply these environmentally friendly techniques are not passed on to nations that are attempting to go green.
Globalization obtained thru multilateral negotiations by the WTO has also exhibited that though environmental protection isn’t an element of the WTO’s main mandate, it has stimulated keenness within its member nations for sustainable development .
Does globalization have any implications for environmental policy? Justify and support your position.
Our University currently demonstrates a lack of environmental concerns. Please justify your position with personal observations. Please write at least more than 200 words or more. Thank you!
If there is really no such thing as an unattractive industry, what implications does this have for applicability of environmental threat analysis?
2-b) What’s the difference between globalization of markets versus globalization of production? Please support your answers with some examples from real life
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