We develop an overlapping generations model where consumption is the source of polluting emissions. Pollution stock … and vanishes beyond a critical level of pollution. We first show that multiple equilibria exist. More importantly, some … exhibit irreversible pollution levels although an abatement activity is operative. Thus, the simple engagement of maintenance …

poverty inequalities. This paper discusses the third world countries globalization process incorporating trade, environmental …It has been widely accepted that economic globalization is inevitable, and that globalization plays an increasingly … globalization or trade liberalization is directly or indirectly responsible for environmental degradation due to welfare loss and …