Title: Deliberating indirect consequences of environmental legislations on economy and business

Authors: Anjula Gurtoo, S.J. Antony

Addresses: Department of Management Studies, Indian Institute of Science, Bangalore 560 012, India. ' Room 237, Houldsworth Building, Institute of Particle Science and Engineering, School of Process, Environmental and Materials Engineering, University of Leeds, Leeds LS2 9JT, UK

Abstract: Comprehensive review of literature conducted on the indirect or secondary impacts of environmental regulation reveals several impacts on business and economic activity. Using an analytical and discourse oriented framework, this paper deliberates on which impacts are likely to have significant influence in their ability to encourage changes in the existing economic and industrial setups. It draws from the theoretical debate on environmental regulation, the technological context that governs the environment and the economic dynamics that govern the globe. It is contended that, despite their not-so-obvious and unplanned nature, these impacts will act as important drivers of change and alter the global, national and industrial structures and systems in the long run. This discourse facilitates understanding on the nature and magnitude of secondary impacts and their capacity to produce significant change in industry and business structures in the long run, through indirect and not-so-obvious routes.

Keywords: environmental regulations; indirect consequences; economy; industry; business; future challenges; environmental legislation.

DOI: 10.1504/IJESD.2009.023982

International Journal of Environment and Sustainable Development, 2009 Vol.8 No.2, pp.113 - 131

Published online: 22 Mar 2009 *

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