Environmental Economics: Call out for a price review of commodities
INTRODUCTION We all know that economic growth and the environment, in this time and height of awareness are like two parallel lines, two sides of one coin. Involvement in one, more often than not, puts the other at one disadvantage or two. And this disadvantage that the environment is put in does not result only from economic activities. All forms of human settlement directly and indirectly cause some form of disfigure or imbalance to the environment; even agriculture and recreation. Now, the first thing that comes to the mind of many diplomats, politicians and business-minded people when they see a new product or resource is how much they can make out of it. And most if the time, the financial gain is the goal. The next plan of action is procuring the human and technological resources to harness that new product or resource. And if at all, they take very little into consideration, regarding the environmental side effects of their endeavour. And that seems very rational to some extent....