Abstract
Nowadays, sustainable development is much discussed and is regarded as a very important issue. It is all around us, in every part of our everyday life. It inevitably leads to changes in the economic and social behavior of every country even though these changes in the different economic areas are not well explored yet. Highlighting and identifying them, specifically in the field of international business operations, lead to development and implementation of a scientific research project called “Global challenges in the environment protection and changes in the international business.” The research interest was focused on studying the changes in the international business operations in the context of environmental protection on the basis of two specific environmental pollutants—waste and greenhouse gas emissions. The main methods used were reviews and analysis of literature in the field of sustainable development and international business, critical analysis of the EU policies for waste minimization and climate change mitigation, practical experience, and experts’ opinion.The project results showed that in sustainable development conditions, new economic activities emerge such as bio-trade, production of bio-goods, and consultancy services on environmental issues. Some well-known activities, such as public procurement or public-private partnership, are getting green. In the field of international business, the modifications are related to, for example, development of additional supply chain called “waste chain”, import and export of pollutants, such as waste and emissions, etc. It turns out that most of these changes are a result of the numerous measures taken by the institutions on national and international level to stimulate a sustainable way of work. In this article, only a few of them are briefly discussed.
Highlights
In today’s world, characterized by high technologies, constantly developing and improving manufacturing processes unique in its size for globalization, international business in all its forms is an integral part of the economic life of any society
It significantly contributes to the gross domestic product of developed countries and to the economic growth of developing countries
Between 50 and 80% of the waste from electric and electronic equipment collected in the developed countries is exported to developing countries (Wang et al, 2012)
Summary
In today’s world, characterized by high technologies, constantly developing and improving manufacturing processes unique in its size for globalization, international business in all its forms is an integral part of the economic life of any society. Climate changes, leading to various disasters, vanishing biodiversity, and decreasing amounts of potable water are all problems of great importance that have significant effect on the life of each society. This is the reason why, in the last decades, the concern is placed on reaching economic growth and better living conditions, and on continuing in a sustainable manner. In this context, what matters most in today’s globalized world is to achieve economic growth through sustainable development, by preserving the environment and keeping it for the generations (Stiglitz, 2006). The sustainability issues are no longer something recommendable, or a matter of choice; they have become a necessity
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