Green International Business

Question 1

What is green economy? In practice, what challenges facing nations in pursuing green economy? What role can MNCs play in green economy?

Answer 1

A green economy is an economy that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities.

Challenges facing nations in pursuing a green economy:

• Climate change
• Environmental degradation
• War
• Pollution
• Waste

MNCs can play a huge role in green economy by acknowledging environmental protection. Through CSR they can act as good global citizens and contribute to a better environment.

Question 2

In your opinion, why is green economy called an arm-wrestling match?

Answer 2

In my opinion a green economy is called an arm-wrestling match because it deals with a fixed trade off between ecology and the economy. On one hand a green economy creates social benefits but on the other hand this comes at a high cost resulting in reduced competitiveness.

Question 3

If you were the CEO of an MNC, which environmental approach would you take to reduce the impacts of corporate activities on environment, idealism or pragmatism approach? Why?

Answer 3

If I was the CEO of a MNC I would use the pragmatism approach to reduce the impacts of corporate activities on environment because this approach is corporate proactive. By taking my own actions this is not anti-capitalistic, which the idealism approach is. This way, it is possible to aim at creating a link between profit making and environmental protection.

Question 4

As an “earthling”, what 5 things would you like to pursue to be more environment friendly?

Answer 4

• Recycling
• Solar power
• Electric cars
• Use public transport
• Composting