It is inevitable that prices don't always account for all the costs and benefits for all the people touched by a transaction. Externalities can come in good forms and bad. But the most frequently discussed externalities are those associated with harms to the environment.
Of course, globalization has an impact on the environment, but it is a mixed one and generally far less scary than many people think. Most ecological problems are still local as opposed to global, and while cross-border integration can make the environment dirtier in some places, it can also help with cleaning it up.
As pressure mounts to reduce carbon emissions, the logistics involved with cross-border trade are often cited as an unnecessary cause. With dark-green-tinted spectacles, many call for a return to only locally grown or manufactured products.
See full Article.
Friday, July 13, 2012
Globalization Plays a Bit Part in Environmental Issues
It is inevitable that prices don't always account for all the costs and benefits for all the people touched by a transaction. Externalities can come in good forms and bad. But the most frequently discussed externalities are those associated with harms to the environment.
Of course, globalization has an impact on the environment, but it is a mixed one and generally far less scary than many people think. Most ecological problems are still local as opposed to global, and while cross-border integration can make the environment dirtier in some places, it can also help with cleaning it up.
As pressure mounts to reduce carbon emissions, the logistics involved with cross-border trade are often cited as an unnecessary cause. With dark-green-tinted spectacles, many call for a return to only locally grown or manufactured products.
See full Article.
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