This study investigates the dynamic effects of economic development, international cooperation, electricity consumption, and political risk on the escalation of CO2 emission in Vietnam. We adopted autoregressive distributed lag model and Granger causality method to examine the interaction between CO2 and various economic and political factors, including foreign direct investment, trade openness, economic growth, manufacture, electricity consumption, and political risk in Vietnam since the economic revolution in 1986. The findings reflect opposite influence between these factors and the level of CO2 in the intermediate and long-term durations. Accordingly, foreign direct investment and CO2 emission have a bidirectional relationship, in which foreign direct investment accelerates short-term CO2 emission, but reduces it in the long run through an interactive mechanism. Moreover, economic development increases the volume of CO2 emission in both short and long run. There was also evidence that political risk has a negative effect on the environment. Overall, the findings confirm lasting negative environmental effects of economic growth, trade liberalization, and increased electricity consumption. These factors, with Granger causality, mutually affect the escalation of CO2 in Vietnam. In order to control the level of CO2, more efforts are required to improve administrative transparency, attract high-quality foreign investment, and decouple the environment from economic development.

Purpose - This paper objectively analyzes the effects of globalization on Zimbabwe’s business and economic development using the Business in Context (BIC) model. Research design, data, and methodology - We employed a qualitative research methodology, following an exploratory secondary research design in this paper. Results - The findings reveal that businesses in Zimbabwe have benefited from globalization as it has drawn investments from international companies in the country. In addition, the business sector is benefiting from the economies of scale realized from the investments made by companies in Africa, East Asia, Europe, and America. However, we also discover that globalization has resulted in the proliferation of cheap sub-standard goods and services from East Asia, and has increased competition between indigenous companies and foreign-owned multinationals. Conclusion - Our findings suggest that globalization has both positive and negative effects on business and economic development in Africa in general, and Zimbabwe in particular. However, we note that the advantages, to a certain extent, outweigh the disadvantages. What, then, could be the way forward for Zimbabwe, in the face of globalization? As a solution, this paper recommends the development of a policy on global associations by the Zimbabwean government, to enhance business and economic development.