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- W2885545459 abstract "Internalization of environmental externalities through the Polluter-Pays-Principle (PPP) has beenwidely encouraged. Under the PPP, it is generally assumed that the additional cost of internalizationis passed on to consumers. However, stiff competition in the world market could make it difficult forexporters to pass on to international consumers, thus profit margin on export commodities is erodedand exports may be curtailed. This situation prevails in many developing countries which export alarge proportion of their commodity production. When pollution control costs are substantial,voluntary implementation of environmental policy in the commodity export sector of a country maybe problematic. Some forms of international coordination are required to ensure that the costs ofinternalization of externalities are accounted for in the price of the commodity. An internationalcommodity-related environmental agreement (ICREA) provides an institutional form for dealing withfull cost pricing of commodities through international policy coordination for a win-win solution.Lessons from the theoretical aspects and empirical work on international environmental agreementsare deliberated at government agencies, non-governmental organizations, businesses and tertiaryinstitutions. Studies have shown mixed results that generalizations on the trade impacts ofenvironmental regulations are unwise. Thus, trade and environment linkages remain an issue whichcalls for a political economic solution in the short term." @default.
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- W2885545459 date "2007-01-01" @default.
- W2885545459 modified "2023-09-24" @default.
- W2885545459 title "Harmonizing Trade And Environment Conflicts: Win, Lose OrDraw" @default.
- W2885545459 hasPublicationYear "2007" @default.
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