Industrial Promotion Policies:
Most East Asian countries have industrial promotion policies and programs. The primary objective of these programs is to promote economic investment in East Asian countries, often certain types of economic activities, e.g., export oriented, high technology, agro-processing, are promoted. A secondary objective of many of these programs is to influence the location of economic activity, with additional incentives being provided to investors who are willing to locate in certain areas - generally areas remote from the capital /largest city.
These programs require careful assessment in terms of their environmental impacts. Generally, this is not done; the industrial promotion agency generally works to a single purpose mission of attracting investment. Or, when environmental considerations are taken into account, as is the case to some extent with the Board of Investment (BOI) in Thailand and some other industrial promotion agencies in East Asia, these environmental policies are not linked directly to the national environmental mission (assuming one exists). Just as tax / subsidy structures should be reviewed for environmental impacts, so should industrial promotion policies. Assessment should relate to such issues as:
Once such assessment has been undertaken, more effective policies / programs can be devised to create a better "fit" between the national environment strategy and the industrial promotion policy (including its spatial dimensions).
Reference: Synthesis study on Modalities for Environmental Assessment for Integrating Environmental Considerations into Economic Policy Making Processes: East and Southeast Asia, ESCAP, 1998, unpublished.
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