Abstract
Globalization is the process of integrating and opening market across national borders. The entire process of globalization is highly controversial, raising great concerns about national sovereignty, corporate responsibility and equity for the world's poorest people and the protection of environment. The protection of environment is put in jeopardy by the increasing economic development whose only goal is profitability, regardless of the environmental issues. The imperative of competing in the global market place forces governments to prioritize economic objectives at the expense of environmental protection. A majority of the environmental issues are alarming which include global warming, biodiversity, air and water pollution, natural resources exhaustion. Rich countries have reached an economic level where they can decrease their economic impact on environment.
