Competitiveness, sustainability and the environment: towards a “win-win-win” scenario

Smith, Mark 2017, Competitiveness, sustainability and the environment: towards a “win-win-win” scenario, New Zealand business law quarterly, vol. 23, pp. 1-18.

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Title Competitiveness, sustainability and the environment: towards a “win-win-win” scenario
Author(s) Smith, MarkORCID iD for Smith, Mark
Journal name New Zealand business law quarterly
Volume number 23
Article ID 276
Start page 1
End page 18
Total pages 18
Publisher Thomson Reuters
Place of publication Wellington, New Zealand
Publication date 2017-12
ISSN 1173-311X
Keyword(s) environmental impacts
“winner take-all approach”
domestic firms
Summary This paper addresses how domestic firms might enjoy profitability and international competitiveness with fewer harmfulenvironmental impacts than the “winner take-all approach” of neo-classical economics has thus far encouraged (i.e. the useof “limitless” resources to maximise short-term profits). It argues that private firms that either (i) produce material goodsor (ii) use physical inputs in supplying services can improve their profitability by increasing their resource productivity. Notonly does a positive change in resource productivity mean increased profitability for the individual firm, but it also meansa dramatic improvement on the impact of business on the environment--the life support system of our planet-- particularlywith regards to climate change (and other forms of pollution) and the depletion of natural resources. Focusing on resourceproductivity improvements need not be a matter solely for individual firms. There is also an important role for governmentin promoting resource productivity through its regulatory toolkit, particularly tax policy. This paper explores how incometaxes, by adopting a certain kind of tax credit--the Business Sustainability Credit--might help promote increased resourceproductivity and firm profitability.
Language eng
Indigenous content off
Field of Research 1801 Law
HERDC Research category C1.1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2017, Thomson Reuters New Zealand Ltd and Mark Bowler-Smith
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