Shipping Poisons to the Third World Essay by The Research Group

Shipping Poisons to the Third World
An examination of the development of industry dumping toxic products and wastes in poor nations, including the role of the World Bank, economics, environmental and health effects and alternatives.
# 21481 | 2,025 words | 7 sources | 1994 | US
Published on Feb 28, 2003 in Environmental Studies (General)

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From the Paper:

"The practice of shifting toxic products and toxic wastes to third world countries is well established.. The question of how this industry developed, can be largely traced to the activities of the World Bank. In fact, according to World Bank chief economist Lawrence Summers, the economic logic behind dumping toxic waste in the lowest wage countries is impeccable and is a growth industry in recessionary times. While Summers claims he made this statement to be ironic and provocative, this has been the position of the World Bank, his employer.

In a memo, which criticized a draft of the bank's World Development Report, Summers was applying cost-benefit analysis, which measures the value of a human life by the stream of wages remaining to it. In an example Summers gave, suppose it may cost Global Megatoxics $1 million to install of a state-of-the-art..."

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