Economic growth and social development are complementary and close relationship constraints. However, with economic growth, it is clear that there are many environmental concerns in today’s society. Air, water, and land pollution have been worsening; the environment of wild animals and plants have been seriously damaged, many species are threatened with extinction, deforestation and over-exploitation of mineral resources give human survival and development a real and more serious potential threat. In the traditional opinion, environmental protection and economic development are mutually contradictory, economic growth must be a high environmental cost, and to protect the environment will limit economic growth. However I propose that economic growth could be in harmony with environmental protection, and the contradiction may derive from the inappropriate understandings among development, economic growth and environmental protection. This paper analyzes the definitions and the complex relations among those three concepts; focus on the importance of sustainable development and give some suggestions to the government. If the existing system of environmental protection be reformed and innovated, and provide adequate economic incentives the win-win situation of environmental and economic growth can be achieved. II. The relationship between development and economic growth There are at least four different research perspectives on the relationship between social development and economic development. First, economic growth is the basis for social development. Second, economic growth and social development are not necessarily linked. Third, economic growth and social development are not othe... ... middle of paper ... ...icipation is an important guarantee for the world environmental protection, so the government should step up environmental education and increase publicity efforts to enhance public environmental awareness and responsibility. (Koontz.2004) Environmental Protection will be the main functions of government in the 21st century. If government want play the good role in the development of environmental protection, they also have to handle the whole short-term benefits and long-term interests of the relationship between the Government Performance and Sustainable Development. V. Conclusion This essay analyzes the relationship between development and economic growth, and compare the positive and negative effects with economic growth to the environment. Government Demonstrated to the reader that achieve a win-win between economy and environment the feasibility of.
The world is facing issues of overwhelming complexity and urgency. The challenge is to think globally and develop policies to counteract environmental decline and environmental collapse. Brown illustrates the economic future through an environmental perspective to develop a plan that will sustain civilization. Throughout the book, he concentrates on four major components that will head the world towards a brighter future. These include a massive cut in global carbon emissions, the stabilization of world population, the decrease of poverty, and the restoration of our planet’s diverse natural landscape. Brown presents the reader with very accurate arguments in World on the Edge however; he also makes some weak points that may not be the best plan to save the planet.
(8) Barbier, E. B.; Markandya, A. The conditions for achieving environmentally sustainable development. Eur. Econ. Rev. 34, 659-669. (1990).
This is because taking into account the amount of income made in a society divided by the population simply doesn’t factor in the individual standards of living. Furthermore, according to Ravallion , development economics is simply more than economic indicators that solely focus on income, stating that the well-being of the citizens is a highly important factor. However, Bramell further states that the capability measure (living standard) of development cannot be easily measured. Furthermore, it is suggested that its view on development is based the ownership of goods, which is too materialistc. Lastly the aforementioned author also considers that focisng on lving standards alone is not enough to measure development because living standards is dependent on the growth of GPD as more income is needed to invest in factors that increase living standards such as health and
Economic development typically involves improvements in a variety of indicators such as literacy rates, life expectancy, and poverty rates. Due to the fact that GDP alone does not take into account other aspects such as leisure time, environmental quality, freedom, or social justice; alternative measures of economic well-being have been proposed. Essentially, a country’s economic development is related to its human development, which encompasses, among other things, health and education. These factors are, however, closely related to economic growth so that development and growth often go together.
I hope that after reading this paper you have a better understanding on how different theory in the social process theory and social development works. There have been theories that I classify under the social process theory. I hope that you enjoy.
First, the environment itself have direct economic benefit. It is proving most of the basic asset which is supporting the human development. If the environment is damaged, it then can be seen as economical loss. On the other hand, if people protect the eco-balance and the environment, it is a bonus for the asset. One economist in China calculated the economic value of a tree in the Chinese mountains. Other than being the material of buildings or papers, it create at least fifty thousand dollar worth of air purification and soil and water conservation. Again, use China as an example, the Chinese economy lost at least fifty four billion dollar because of air and water pollution, which is a large percentage of its gross domestic product. We can see here from this example that environment itself is part of the productivity. The natural endowment is a very important aspect of a country or region’s economical development. There are three basic steps of development of human productivity development, obey they nature, conquer the nature and find balance with the nature. Now, most of the big world economy is heading toward the green energy utilization. Find the balance between our development with he nature, the environment is the ultimate goal. Second, the environment can affect the economy indirectly. Environmental cost constraints is an important
As the idea of sustainable development has become increasingly more topical in the political arena, the question still remains as to whether our modern capitalist economies can preserve their most basic principle of maximising profits, whilst still protecting the environment. It is therefore the purpose of this essay to examine this. Can compromises be reached that enable us to protect and conserve the environment without hindering development.
Economic growth in developing countries is impeded by frequent inefficiencies arising from poor infrastructure, inadequate institutional structures e.t.c. because endogenous theory overlooks these influential factors, its applicability for the study of economic development is
The one concern and view held at the hearts of many economists and politicians, is that protecting the environment creates a net expense to our economy, which is the number one constraint in prioritizing environmental concerns. Environmental concerns have become a merely speckle, on the political radar and practically has faded away due to the recession. Two years ago, with E...
Today talking about environmental issues lately to be like a common topic discussion until people take it for granted. However, the world facing a complex environmental problems related to each trouble that connected to one another and come out with greater impacts to the environment and humans. This is because the effects of environmental only can be seen in long term period rather than immediately result show up. Environmental issues must become one of the controversial matters in the society in order to make people know the truth what the world currently facing. There were a lot of environmental disaster happened such as climate change, global warming, various of pollutions, earthquake and etc. the rise of environmental issues begin with this urban development occur through several countries following with the technologies equip along. For sure, development will cause a huge negative impact to the environment if it deals without a care. Besides, the environment is the place in the ecosystem to hold and use in finding resources to continuously survive in this world. Thus, the finding and digging for the resources which happening extensively without preservation will not restore the surrounding similar with before. But then, the change cannot be refuse and people need to take an action to save the threaten the world and the ecosystem from being extinct. If each country has own output in causing an environmental problem, then consider the world to hold all the damage occurred. Exposing the effects of environmental issues throughout the world, make people realize the important to take care the environment.
In traditional opinions, environmental protection and economic growth are mutually contradictory. Economic growth is a high environmental cost, and protecting the environment will limit the economic growth. The reason of contradiction stems from the inappropriate understandings among development, economic growth and environmental protection. In fact, economic growth could have a harmonious relationship with environmental protection.
Economic development is fundamentally about enhancing the factors of productive capacity, such as land, labor, capital, and technology, of a national, state, or local economy, as stated by the U.S. Economic Development Administration. Economic development influences growth and restructuring of an economy to enhance economic well-being. We experience economic growth when our standard of living is rising. Rather than being a simplistic process, economic development typically is a range of influences aimed at achieving objectives like creating jobs and wealth and improving the quality of life. It incorporates coordinated initiatives targeted at expanding infrastructure and increasing the volume and/or quality of goods and services produced by a community. A common measure of economic development is a country’s gross national ...
As it is well known, law and economics is based on the principles, amongst others, of “efficiency criterion” which is also intertwined with the “wealth maximization” principle. In other words, law and regulations should aim at the development of appropriate policies, but emphasis should be put on the right strategies and instruments which would ultimately lead to a sustainable development criterion. For these reason, economic literature has been heavily influenced by enviro...
In order for any country to survive in comparison to another developed country they must be able to grow and sustain a healthy and flourishing economy. This paper is designed to give a detailed insight of economic growth and the sectors that influence economic growth. Economic growth in a country is essential to the reduction of poverty, without such reduction; poverty would continue to increase therefore economic growth is inevitable. Through economic growth, it is also an aid in the reduction of the unemployment rate and it also helps to reduce the budget deficit of the government. Economic growth can also encourage better living standards for all it is citizens because with economic growth there are improvements in the public sectors, educational and healthcare facilities. Through economic growth social spending can also be increased without an increase of taxes.
The importance of growth and sustainability for the economy comes from the fact that economic growth is fundamental to development and a stable economy, which enhances a nation’s development through the creation of revenue and employment. It is necessary to distinguish between economic growth and development (Hillbom, 2008). Generally economic development cannot be defined so precisely, as it is a multidimensional concept which refers to “changes in living standards and welfare over time”. It also referred to “structural change of economic and social infrastructure in an economy” as UNCTAD (2014) stated that economic development is fundamentally “a process of structural transformation whereby countries innovate and diversify from producing