Environmental issues for Business and the Business environment for Emerging Economy

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Environmental issues for Business and the Business environment for Emerging
Economy
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Abstract
The environment is the ultimate source of natural resources which play a big role in the
development of the business. Hence, this paper also investigates the impact of environment
upon business along with other components like, political, social, financial, legal and
institutional factors. All these components are important in shaping the future of the emerging
economy which has intrigued the researcher to understand the transformation that emerging
economies are undergoing to secure their future as a developed nation. Sustainability is the
need of the hour because it has been identified that the level of pollution has been higher in
the emerging countries because of the race to converge with the advanced nation. 
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Table of Contents
Introduction................................................................................................................................4
Research Objective ....................................................................................................................4
Research Aim.........................................................................................................................4
Research Objectives...............................................................................................................5
Research Questions................................................................................................................5
Literature Review...................................................................................................................6
Rostow’s Stages of Economic Growth ..................................................................................6
Traditional Stage................................................................................................................7
Pre-Conditions for Take-Off..............................................................................................7
Take-Off Stage...................................................................................................................7
Drive to Maturity ...............................................................................................................8
Age of High Mass Consumption........................................................................................8
Environmental Kuznets Curve...............................................................................................8
Methodology............................................................................................................................10
Research Design...................................................................................................................10
Research Philosophy........................................................................................................11
Research Approach ..........................................................................................................11
Research Strategy.............................................................................................................11
Data Collection Methods .....................................................................................................11
Type of Data ....................................................................................................................11
Sampling Method.............................................................................................................12
Target Group....................................................................................................................12
Ethical Issues .......................................................................................................................12
Limitations to the Research .................................................................................................13
Timescale .............................................................................................................................13
Reference List ..........................................................................................................................15
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Introduction
Economic development is the prime objective of developing economies since they also want
to achieve the status of the developed nation at the earliest (Schiffrin and Bisat, 2012). This
journey involves the fulfilment of a lot of criteria such as high GDP (Gross Domestic
Product) and a low level of environmental pollution. This is the essence of the notion of
sustainability so that resources are used optimally and future generations can also enjoy a
decent standard of living. Environmental issue and conservation of natural non-renewable
resources have been a global concern but the over the years it has been identified that the
level of pollution has been higher in the emerging countr