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Innovation - The Way To A Sustainable Global Economy

Author

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  • VASILE POPEANGA

    (Constantin Brancusi University of Tg - Jiu Faculty of Economics and Business Administration)

Abstract

Environmental protection activity involves managing numerous environmental policy instruments: administrative (command and control) instruments, economic instruments, private entities specific instruments, informational tools, environmental education, etc. One of the responsibilities of environmental policy is to improve the quality of economic instruments in environmental protection. In the selection of the measures for environmental protection is necessary to consider those measures characterized by the criterion of minimizing the risk (reducing the risk to human health, reducing the risk to the natural environment, limiting unwanted results - emissions and waste) and the criterion of minimizing costs (risk reduction minimum cost, achieving maximum risk costs indicated). Other criteria include economic sustainability, social sustainability, political feasibility, regional and international acceptability and administrative requirements.

Suggested Citation

  • Vasile Popeanga, 2013. "Innovation - The Way To A Sustainable Global Economy," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 25-28, August.
    • Handle: RePEc:cbu:jrnlec:y:2013:v:4:p:25-28
    as

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    References listed on IDEAS

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    1. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801, January.
    2. Zoltan J. Acs & Roger R. Stough (ed.), 2008. "Public Policy in an Entrepreneurial Economy," International Studies in Entrepreneurship, Springer, number 978-0-387-72663-2, December.
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