A primary goal of the article Toward a New Conception of the Environment-Competitiveness Relationship by Porter and Linde displays the fact that the compliance with environmental regulations is a primary driver for success and innovation (Porter and Linde 97). In this case, it is necessary to pay vehement attention to the environmental policies since they contribute to the efficient utilization and minimization of waste, sufficient distribution of the company’s resources, the motivation of the progress and innovation, necessary additional information, higher revenues, and sustainability on the market. In other words, it is evident that the environmental regulations should focus on all the possible outcomes, which are described above, and not only on the technological improvement. I completely agree with the statement, which is presented in this article, as its central claim is coherent and clear.
It could be said that the article is interesting and logical and is worth to be profoundly analyzed, as the authors present the clear arguments and counterarguments to support their position. Moreover, the authors actively employ the case studies to present the arguments. For example, the recycling regulation boosted Robbins’ Company’s revenues (Porter and Linde 103). I completely agree that the elimination of waste is beneficial from environmental and economic perspectives. Nowadays, recycling economy is understood as the primary contributor to achieving the sustainable development not only on the micro and macro-levels but also in the global arena (Lia 95). Additionally, Porter and Linde state that pollution is a sign of insufficient distribution of the resources (105). I entirely agree with this statement since the contamination is a cause of inability to eliminate waste from the production. Moreover, the waste reduction and green policies are the drivers for company’s success, as more customer niches are generated (“Green Economy Drives” A31). Moreover, Porter and Linde present “Green Lights Program” and emphasize that the primary outcome is the fact that the companies received a return on investment in less than two years (99). It is apparent that the attention has to be paid not only to the technological development but also to the other outcomes of the environmental regulations. In this case, the environmental policies also influence the sustainability of the company, its mission, vision and managerial style (Jing, Ann and Ofori 89).
Lastly, the significance of the topic discussed above cannot be underestimated since the environmental regulations control the ability of the sufficient functioning of the world economy in general (Hufbauer, Charnovitz and Kim 31). It could be said that the article changed my perception of the environmental regulations and their ability to affect the environment and global economy. The arguments presented in the points of view and criticized it from the economic perspective. In my opinion, it is evident that the environmental regulations have to pay vehement attention to the vast range of outcomes, as they can control the speed of innovation, sustainability, and the revenues of the companies.
In conclusion, it could be said that the article helped reveal the complexity of the environmental regulations and necessity not only focus on the technological improvement but also on the other outcomes. The authors were able to persuade me that the environmental policies can be actively utilized as the instruments to encourage innovation and increase the competitiveness of the companies. The arguments were convincing, and the evidence was actively supported by the facts and case studies. Moreover, the authors present the opposing views to prove the relevance of their assumptions. The text is logical and easy to understand. In the end, the findings can be implemented by the policymakers to encourage the innovation and development in the country.
References
“Green Economy Drives Business Success; B.C. Company Converts Waste Vegetable Oils into Sustainable Biofuels.” The Province 2013: A31. Print.
Hufbauer, Gary, Steve, Charnovitz and Jisun Kim. Global Warming and the World Trading System. Arlington: Kirby Lithographic Company, 2009. Print.
Jing, Teo, Jasmine Ann and George Ofori. “The Challenge of Environmental Sustainability in Wafer Fabrication Plants: A Framework for Implementation.” Sustainability Matters: Environmental Management in Asia. Ed. Lye Lin-Heng, George Ofori, Malone-Lee Choo, Victor Savage and Ting Yen-Peng. Singapore: World Scientific Publishing Co., 2010. 83-99. Print.
Lia, Hua. “Recycling Economy and Sustainable Development.” Journal of Sustainable Development 2.1 (2009): 95-102. Print.
Porter, Michael, and Claas Linde. “Toward a New Conception of the Environment-Competitiveness Relationship.” The Journal of Economic Perspectives 9.4 (1995): 97-118. Print.