... by the idea to level competitive environments, a tougher economic climate and recognition of unanticipated costs of environmentalism have now led to a more cautious approach.1 It has translated a number of notable ecological principles into actions taken, of which the concept of sustainable development is just a recent example. By definition, infliction with certain business interests plastered its path from the very first day of its existence. Since a detailed overview of the EU environmental policy process and institutions would exceed the length of the paper, it exclusively focuses on the question whether European Union environmental policy has helped or constrained European business.2 By using exemplifying cases and by highlighting relevant research views, the different dimensions of impact on the EU business environment will be examined. The main part of the paper is split in four sections: The general framework of measuring business impact will be evolved in the ...

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