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  • A recurring theme in the economics of development is the tragedy of the commons – a situation in which independent actions guided by selfinterest result in an outcome that is contrary to the overall and long-term interest of the many. Actors become “locked into a system that
    compels” them to strive for growth without limit within a finite system. Although some forward thinking companies recognize their role in
    transitioning to sustainable environmental practices, even the most well meaning may not have the capability to recognize and implement the
    most appropriate technology. Moreover, that technology might not yet exist in an industrial form and so such steps may well be speculative and
    risky for little or no return to the business. Polluting is asymmetrically favorable to industry and would rationally suggest inaction. A framework for industry-university partnership demonstrates how new and complex approaches to sustainable manufacturing can be implemented. Governments must support collaborative work with industrial norm entrepreneurs and academia to aid the introduction of technologies that are asymmetrically favorable to the interests of humanity at large and to future generations.

  • Bernard J. Kornfeld, Sami Karaa Sustainable Manufacturing & Life Cycle Engineering Research Group,School of Mechanical & Manufacturing Engineering, University of New South Wales, Sydney, Australia

    Source:https://bit.ly/3klX8OC

    Courtesy:https://www.sciencedirect.com

    Copyright:© 2015 Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license
    (http://creativecommons.org/licenses/by-nc-nd/4.0/)

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