Economic Themes (2010) 48 (4) 7, 575-590
Marija Petrović-Ranđelović, Snežana Radukić
Abstract: On the basis of a comparative analysis of the characteristics of the environmental policy instruments, the aim of this paper is to point to the advantages and disadvantages in their application in solving environmental problems. Practice has shown that in most cases, the application of mixed systems (command and control instruments plus economic instruments) is an economically reasonable way of achieving the defined environmental goals. Such analysis will serve as the basis for determining the effectiveness of the implementation of these instruments to improve the environmental effects of FDI on host countries.
Keywords: environmental policy; foreign direct investment; pollution control; command and control; market-based instruments
THE IMPACT OF ENVIRONMENTAL POLICY ON SHAPING THE ENVIRONMENTAL PERFORMANCES OF FOREIGN DIRECT INVESTMENT
Marija Petrović-Ranđelović, Snežana Radukić
Abstract: On the basis of a comparative analysis of the characteristics of the environmental policy instruments, the aim of this paper is to point to the advantages and disadvantages in their application in solving environmental problems. Practice has shown that in most cases, the application of mixed systems (command and control instruments plus economic instruments) is an economically reasonable way of achieving the defined environmental goals. Such analysis will serve as the basis for determining the effectiveness of the implementation of these instruments to improve the environmental effects of FDI on host countries.
Keywords: environmental policy; foreign direct investment; pollution control; command and control; market-based instruments
