Abstract:

The mastery of the environment has become a major preoccupation in industrialized countries. It must be also one of the concerns of developing countries, which several critics have addressed to globalization in its relationship with the environment and focus on its responsibility for environmental degradation. The world of globalization requires new regulations, but it seems difficult to establish a successful action in the multilateral level. It is therefore important to revive the debate on the reform of the environmental governance in a global context. It turned out that it is necessary to strengthen existing policies. However, stringent regulations have been criticized because they negatively affect trade. It is therefore important to study empirically the impact of draconian regulations on bilateral trade.