Globalization, Environment and Policy: Malaysia Toward a Developed Nation

Abstract

This paper analyzes the scenario pollution implication of globalization process such as trade liberalization in the Malaysian economy toward a developed nation by 2020. In the first part, the purpose of this paper is to provide various air emissions in the Malaysian economy for the year 2020. The quantitative assessment reveals that the selected emissions are quite high in 2020 compared to 2000. More compactly, the scenario analysis points out that in 2020 CO2 emission of industry & manufacturing sector will increase 112.6%, as well as 207.23% in the electricity sector, which indicate an alarming rate to unseating for sustainable economy and for Kyoto target. And, in the second part, we reviewed priority policy issues identifying incentives to environmental sustainability and Malaysian thinking of 2020 for sustainability. However, the government of Malaysia has begun applying a preventive approach rather than the curative effort undertaken previously for sustainable development. Our suggestion is that to achieve sustainability emphasis must be given utilization of clean technology so that negative impact on the environment could be reduced.

Keywords: Globalization, Environment, Sustainable Development, Environmental Policies

JEL Classification: F49, N5, G1