and not necessarily export people from their original location to work in overseas plants, in order...

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 need to ensure that policy is in place to ensure that environmental issues are drawn to the attention of the enterprise - they need to be central concerns before the enterprise even enters the nation.  Global firms tend to typically have a lot of capital, knowledge, and resources to research, pursue, develop, and market environmentally friendly/sustainable products, but only if that is the political driver.

Transcript of and not necessarily export people from their original location to work in overseas plants, in order...

Page 1: and not necessarily export people from their original location to work in overseas plants, in order to employ in the locality and therefore contribute.
Page 2: and not necessarily export people from their original location to work in overseas plants, in order to employ in the locality and therefore contribute.

and not necessarily export people from their original location to work in overseas plants, in order to employ in the locality and therefore contribute to the local economy through FDI (Foreign Direct Investment).

This means that local governments and target markets will be more welcoming to operations in the area - easing market entry, building a positive rapport on a governmental level, and building an immediate customer base

Page 3: and not necessarily export people from their original location to work in overseas plants, in order to employ in the locality and therefore contribute.

need to ensure that policy is in place to ensure that environmental issues are drawn to the attention of the enterprise - they need to be central concerns before the enterprise even enters the nation.

Global firms tend to  typically have a lot of capital, knowledge, andresources to research, pursue, develop, and market environmentallyfriendly/sustainable products, but only if that is the political driver.

Page 4: and not necessarily export people from their original location to work in overseas plants, in order to employ in the locality and therefore contribute.

by covering the cost of the pollution or environmental damage they cause, if it is worth their while - remember, a business will only act in such a way if it is worth their while in terms of profit, good PR, regulatory obligation or the like.

Eg. cleaning a river when dumping chemical waste, or reimbursing the fishermen who lose out on their catch due to killed fish, if the importance of dumping in the river is that critical to the business and it’s cost-saving.

Page 5: and not necessarily export people from their original location to work in overseas plants, in order to employ in the locality and therefore contribute.

but getting rid of pollution requires resources. The more resources society devotes to lessening pollution, marginal analysis tells us that there will be fewer resource available for all other goods and services.

If someone else is prepared to pay to get rid of pollution in your neighbourhood, you would undoubtedly welcome this action because you would experience an increase in utility at no cost to yourself.

However, if you or your local community have to bear the costs, you may decide that the extra benefits from getting rid of the pollution are not worth the extra costs