Environmental Concerns

Globalism has had a dramatic impact on the environment in a number of ways. First, unsustainable business practices have lead to substantial environmental destruction, depletion of natural resources and loss of biodiversity. The recent BP oil spill is, unfortunately, only one example of globalism’s impact on the state of the environment. Clear cutting of rainforests, over fishing in the ocean, carbon emissions and many other business practices cause daily harm to the earth, oceans and atmosphere.

Historically, environmental policies have been the responsibility of the nation within whose borders the harm was done. Many corrupt governments and developing nations prioritized business and investment over the environment, creating opportunities for environmental exploitation in the name of profit. Further, critics of environmental protection laws state that these regulations would slow economic growth. Companies have to adjust their business practices and invest in tools and technologies to reduce the harms they are causing. This drives up costs across the supply chain resulting in higher prices for consumers, which has a negative impact on business’ ability to be competitive in a free market.

Proponents of environmental regulations feel that it is worth slowing economic growth in the short-term to protect the environment. In addition, people of all nations are beginning to view the environment as belonging not to one nation, but to the world. As such, international organizations are working to protect the environment and encourage sustainable business practices.

The Pacific Institute is dedicated to the study of issues related to the environment and globalism. For more information on the subject, visit http://www.pacinst.org/