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The Economical and Ecological Importance of the Environmental Impact Assessment

Author

Listed:
  • Ungureanu Mihaela

    (“Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration)

Abstract

Balancing human needs of the immediate future with those of the distant future has led to the concept of sustainability, understood by the fact that economic activities should not be extended over the ability of total capital – including natural one –, keeping a stock of capital being a safe measure to ensure increasing sustainable benefits. The world of business has learned that a primary purpose of obtaining short-term financial benefits, despite the sustainable benefits to maintain economic balance by even the ecological balance. Sustainability of resources ensures business continuity and hence the possibility of long-term gains. Even if their value varies in the short term, it is important to obtain their safety also in the future.

Suggested Citation

  • Ungureanu Mihaela, 2013. "The Economical and Ecological Importance of the Environmental Impact Assessment," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1559-1563, May.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1559-1563
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    More about this item

    Keywords

    environment; performance; EMS; EIA.;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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