MARKET 1 Lecture Notes - Lecture 16: Smog, World Trade Organization, Sulfur Dioxide
Document Summary
Meeting article 2 de melo et al. Trade, pollution, and the environment: new international evidence. The pollution haven view asserts that globalisation draws industries to countries with lay environmental regulations. The growth of trade itself, however, is likely to contribute to growing emissions associated with transport. Much concern has been raised that globalisation and trade liberalization will lead to competition for investment and jobs, resulting in a worldwide degradation of environmental standards and/or in a delocalisation of heavy polluting industries in countries with lower standards. Whatever the type of pollutant considered, six industrial sectors are considered to be the major polluters: iron and steel, non-ferrous metals, industrial chemicals, non-metallic mineral products, pulp and paper, and petroleum products. Evidence form the us suggests these activities are three times more intensive in their use of energy, have a capital-output ratio twice as high, and are 40% more labour-intensive than the average of all other sectors.
