Document Abstract
Published:
2000
Globalization and environment
Integrated environmental and trade policies lead to sustainable economic growth
This article stresses that economic globalization impacts the environment and sustainable development in a wide variety of ways and through a multitude of channels.
The primary goals of the paper are:
- to identify the key links between globalization and environment
- to identify the major issues addressed in multilateral economic agreements in trade and finance that affect environmental sustainability
- to review priority policy issues affecting the environment in multilateral economic agreements and environment, thus identifying incentives implicit in trade and investment policy measures that affect environmental sustainability
In the case of the trade-environment interface, the paper examines the impact of both elements, and the causal relationship between them. It also pays special attention to multilateral environmental agreements and their potential effects on trade.
The author concludes that globalization brings with it potentially large benefits as well as risks. The challenge is to manage the process of globalization in such a way that it promotes environmental sustainability and equitable human development. In short the article suggests that the more integrated environmental and trade policies are, the more sustainable economic growth will be and the more globalization can be harnessed for the benefit of the environment.
