HistoryEconomics Essay Example | Topics and Well Written Essays - 500 words

HistoryEconomics - Essay Example In order to ensure economic development of the region and employment, the state governor should support local manufacturers and mines investing in new technological development and innovative methods of environmental protection. It is possible to reduce taxes for developing companies and stipulate that the saved costs are spent on new environmentally-friendly technologies. The state can help local organizations to develop effective methods of pollution reduction and provide local companies with specialists and researchers able to develop state-of-the-art solutions for them. The local government should ensure that the standards and regulations allow local companies to work effectively (Pothey and Savins 46). In the case of each market sector of the region, the state should examine the specific economic, institutional, and technical incentives and barriers that have encouraged and discouraged recycling.