Abstract
The study focused to find out the impact of defacto and dejure globalization ( as in explained in KOF globalization index 2018) on Environmental degradation in EAGLE, BRICKS, European Unions & NEXT11 countries. The defacto globalization indicate the measures of globalization include variables that represent flows and activities, de jure measures include variables that represent policies that, in principle, enable flows and activities. Whereas the environmental globalization is measured by CO2 Emission. The results show that dejure economic and social globalization has significant impact on environmental degradation in EAGLE, BRICKS, European Union & NEXT11 countries which indicates that the favorable trade & financial globalization policies in these countries enabled more economic globalization led to more industrialization which deteriorates the environment in these countries. Yet political defacto & dejure globalization has no significant impact on countries within these regional Cooperation’s.
Keyword(s)
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