Critical Analysis of Multi Sectoral Policies related to Marble Industry in Pakistan
Incentive Based (IB) and Command and Control (CAC) instruments are identified in various legislative Acts and Policy documents based on the criteria of environmental economics. Despite the advantages of IB strategies the world of policy making is somewhat locked into the path of traditional approaches such as CAC and pose inertia to move forward in environmental policy making. An ethical shift is inevitable anywhere where there is a market failure and increased social costs and inefficiencies in government interventions to regulate the market. Regulations are discrete steps to address feedbacks in a complex system. Policy evaluation and testing criteria is used to evaluate and test the policies regulating marble extraction and processing in Pakistan. A set of policy and regulatory instruments are selected to be critiqued. The coexisting policy approaches found in the study shall be tested on system dynamics model for developing insights and long-term implications.