Economic Globalization and the Environment

Among many preposterous claims, advocates of economic globalization argue that it increases long-term environmental protection. The theory goes that as countries globalize, often by exploiting resources like forests, minerals, oil, coal, fish, wildlife, and water, their increased wealth will enable them to save more patches of nature from their ravages and they will be able to introduce technical devices to mitigate the negative environmental impacts of their own increased production. There is ample evidence, however, that when countries increase their apparent receipts in a global economy, most of the benefit goes to global corporations who have little incentive to put their profits back into environmental protection. Instead, they plow them back into further exploitation, or they just take the money and run, right out of the country. This is normal corporate behavior in a global economy.