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An Ineffective Industry Between the United States and China: Transnational Transfer of Plastic Waste

In: Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

Author

Listed:
  • Yuxin Li

    (Renmin University of China, School of Economics)

  • Rui Sun

    (Shandong University, School of Business)

  • Hao Yue

    (Ohio State University)

Abstract

The waste transfer is a long-standing trade between countries, especially from developed countries to developing countries. It has been facing the debate on economic benefits and environmental costs for many years. This research paper focuses on the market of waste transferring within the United States and China. The paper selects key indicators in the transfer process for benefit and cost estimation. The benefits and costs are calculated from a global perspective, including the benefits of waste export in the United States, the benefits of waste disposal in China, and the cost of China’s environment and labor. It indicates that this trade is not effective mainly due to the high cost of environmental governance in China. The suggestions of actions are concluded in this research. Boycotting and establishing stricter policies and constructing more integrated waste protocols is a legitimate resolution.

Suggested Citation

  • Yuxin Li & Rui Sun & Hao Yue, 2022. "An Ineffective Industry Between the United States and China: Transnational Transfer of Plastic Waste," Advances in Economics, Business and Management Research, in: Faruk Balli & Au Yong Hui Nee & Sikandar Ali Qalati (ed.), Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), pages 951-961, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-052-7_108
    DOI: 10.2991/978-94-6463-052-7_108
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