THE ALTKUZNETS ‘GST BOOST’ TO SUSTAINABILITY
Prasad Rao, PhD Director altkuznetsadvisors.com INTRODUCTION The advent of internet, digital financial instruments and online trading platforms has opened a large set of opportunities and issues. Specifically, the rapid & unregulated growth of the online consumer economy, that incremented environmental externalities associated with production, packaging, transportation, consumption and disposal, has remained largely unregulated. This owes to the fact the online platform is an assemblage of many producers, many Retailers, and many consumers, each who are diffusely distributed over a large aerial extent, consequent to which there is both a diffused remote violator and a free rider problem. As trade links deepen and incomes expand, such consumerism is likely to expand, and exacerbate multi-media pollution. It, hence, turns necessary to conceive of a strategy that not only encompasses the enormity of the digital world, but also addresses the complexity from the diffused nature of...