THE ENVIRONMENT AND SUSTAINABLE TRADE DEVELOPMENT
DOI:
https://doi.org/10.58885/ijllis.v14i4.27rbKeywords:
Environment, Sustainable growth, Trade, Pollution havens, Sustainable development, Environmental policies, Technological innovation, Natural resources, Environmental economics.Abstract
This paper analyzes and reviews scholarly information on the relationship between trade and the environment through case studies such as that of South Korea, which illustrates their connectivity. These two concepts are explored from both an environmentalist perspective and an economic perspective, which highlights the benefits and limitations between the two. Considering that both notions are affected by one another, this review looks through the positive and negative lenses of the impact of trade in the environment. Moreover, to enhance the understanding of the topic, this research uses economic sources that provide definitions and graphical information of all measurable impacts. Because their questionable relationship is supported and contradicted by both realms, the works referenced include articles that focus on diminishing the barrier between the environment and trade schemes. Additionally, to illustrate the relationships and effects, selected case studies are analyzed and set as a baseline for comparison throughout this review. The environment, which is a very broad concept, has been examined in terms of socioeconomic value and assessed through economic methods that evaluate its importance in terms of state development through trade. This paper examines how trade influences environmental outcomes and evaluates the conditions under which trade can support or undermine sustainable development.
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