DOI: 10.36347/sjebm.2014.v01i06.004

Pages: 235-242

Abstract: Globalization of industry is a key topic in today’s economy and is of interests to governments, multinationals and their domestic competitors. One of the drawbacks of rapid globalization being discussed are the environmental problems are created in the countries being globalized. However, this paper explores the hypothesis that these environmental problems are not actually increasing but instead are being transferred to economies experiencing rapid industrialization thus providing economic benefits for these countries (at the cost of their environment) and also improving the quality of life in the post-industrialized countries enabling them to better transition their economies, wealth and quality of life.