IMPACTS OF INTERNATIONAL TRADE TO ENVIRONMENTAL QUALITY

1.      Introduction

1.1.Background

The World Gross Domestic Product (GDP) per capita has always experienced a gradual increase over time with the exception of between the year 2006 and 2008 when a sharp decline was witnessed as shown in figure 1.1 below. This increase has been linked to the advancement in technology while the decline majorly being blamed on the worldwide fiscal crisis experienced between the years 2007 to 2009. Since then, many developing nations have experienced a surge of economic globalization occasioned by the advancement in technology and the worlds concerted effort towards working together to address major concerns such as future market crashes. Economic globalization can be defined as the integration of the world’s economy via increased arrays of multi-lateral and bi-lateral, regional investment and trade pacts (Gallagher 2009). The overall agenda of such economic globalization being on creating an increase in flow of information, products and ser...