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Topic: |
Science
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Number of pages / Number of words: |
5 / 1245 |
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The nature of capital markets allows the free flow of information and therefore a great room for public scrutiny on the industrial sector and its effects on the community.
Moreover, in the past "the conventional wisdom is that environmental regulations impose significant costs, slow productivity growth, and thereby hinder the ability of U...
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firms to compete in international markets. This loss of competitiveness is believed to be reflected in declining exports, increasing imports, and a long-term movement of manufacturing capacity from the United States to other countries, particularly in ?pollution-intensive' industries. Under a more recent, revisionist view, environmental regulations are seen not only as benign in their impacts on international competitiveness, but actually as a net positive force driving private firms and the economy as a whole to become more competitive in international markets...
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