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Economic growth and environment
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3. What are the common grounds on which economic growth and environmental sustainability can be achieved together? ‘[There are] no great limits to growth because there are no limits on the human capacity for intelligence, imagination and wonder’. -US President Ronald Reagan, 1983. It is hard to say that unlimited growth is possible or desirable, though by providing a better framework for balancing the costs and benefits of growth and for directing goods and services to ends that best reflect society’s values can be used to achieve economic growth in a more effective & a less negating way. Humans have the ability to innovate new ideas & technology advancement to enable human progress in a more environment way. We cannot entirely neglect the fact that better policy framework & human capabilities to convert high carbon level growth into low carbon level can help us achieve the desired growth in more sustainable way. Here is the case study of China which states the policies that the developing country is using to achieve a better quality of life. 3.1 Case Study: China’s Sustainable Strategies …show more content…
By 2010, China had overtaken Japan as the world’s second largest single-country economy. Its GDP reached $7.3 trillion U.S. dollars (USD) in 2011, roughly half the size of that of the United States (International Monetary Fund [IMF], 2012). However, because China has the world’s largest population (1.3 billion by the end of 2011), its per capita GDP was only $5,400, which is miniscule compared to $48,000 in the United States. At present, China ranks only 88th in the world on this scale. Nevertheless, considering that the per capita GDP was merely $182 in 1979 when China initiated reform and began opening economically, many researchers and international organizations regard the extraordinary increase in economic growth as the “China
Is the lifestyle of people in Europe and the USA a major cause of China’s environmental problems?
The measure of growth is flawed, how countries see their growth is based on the consumption of their people. Many countries use the GDP (Gross Domestic Product) as an indicator for growth, as defined in It’s All Connected, “(GDP) is a calculation of the total monetary value of goods and services produced annually in a country” (Wheeler 11). The...
Sitting close to the edge of being a “developing” and a “developed” country, China is a difficult country to define neatly. It is a country with an ancient and traditional culture trying to position itself higher within the international community. Plus it is also a communist country that has come to embrace its own form of capitalism to fuel its economy. China’s economic boon has been beneficial to many people within the country. But not to all people within China evenly.
Bill McKibben seeks out a method to desert and reveal the current economic system of the world in the chapter “After Growth” of his book Deep Economy. McKibben declares that we have compromised our happiness and the health of the planet to fixate over economic growth. Mckibben's claim is that economic growth results in climate change, which leads to social problems and first-world unhappiness.
In 1978, China was positioned 32nd on the planet in export volume, yet it had multiplied its reality exchange and got thirteenth biggest exporter in 1989. Between 1978 and 1990, the normal yearly rate of exchange extension was over 15 percent,[11] and a high rate of development proceeded for the one decade from now. In 1978 its exported on the in the world of the overall industry was insignificant, in 1998 regardless it had short of what 2%, however by 2010, it had a world piece of the overall industry of 10.4% as stated by the World Trade Organization (WTO), with stock fare offers of more than $1.5 trillion, the most astounding in the world.
China has approximately 20% of the world’s population, which is around 1.3 billion people (Morris, 2009, p. 111). Also, China has become one of the worlds biggest manufacturing countries within 30 years (Fawssett, 2009, p. 27). However, such rapid development has come at a cost, which has created various environmental problems. Coincidentally, China has 16 cities on a list of the 20 worst polluted cities in the world (Fawssett, 2009, p. 15). Therefore, this essay will explain the reasons for China’s environmental problems, then evaluate the claim that the Chinese government and people, are tackling these environmental problems. First, crop farming techniques over the last hundred years, and their consequences will be explained. Followed by, how peoples choice in food has changed over the last hundred years, and how this indirectly affects the environment. Then, how a capitalist economy is linked to agriculture, and finally what the Chinese government and people are doing to tackle these problems.
With a population of 1.357 billion (2013)3, China is the most populated country in the world. Along with the huge population comes a market that is unmatched by any other country of the world. Both domestic companies and foreign companies want to tap into this large market that just recently embraced capitalism and entered into the World Trade Organization.
...st and stand in the world. It is predicted that China will one day be the largest economy growing country in world. They continually growing and rebalancing their world to be the best. The growth of economy will depend on the Chinese government comprehensive economic reforms that more quickly accelerate in China transition to a free market economy. The consumer demand, rather than exporting the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental. (Morrison, 2014,para2)
“We are consuming the Earth’s natural resources beyond its sustainable capacity of renewal” said by Herman Daly, Beyond Growth, Boston 1996, 61[1] .
Human population growth was relatively slow for most of human history. Within the past 500 years, however, the advances made in the industrial, transportation, economic, medical, and agricultural revolutions have helped foster an exponential, "J-shaped" rise in human population (Southwick, Figure 15.1, p. 160). The statistics associated with this type of growth are particularly striking: "Human beings took more than 3 million years to reach a population of 1 billion people...The second billion came in only 130 years, the third billion in 30 years, the fourth billion in 15 years, the fifth billion in 12 years..." (Southwick, p. 159). As human population has grown, there has been simultaneous growth within the industrial sector. Both of these increases have greatly contributed to environmental problems, such as natural resource depletion, ecosystem destruction, and global climate change. Also linked with the increasing human population are many social problems, such as poverty and disease. These issues need to be addressed by policy makers in the near future in order to ensure the survival and sustainability of human life.
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.
Climate Change and Sustainable Development This research paper is about climate change with the concept of sustainable development, meaning that it will approach the climate change problem in an economical way and try to solve it with the new growth theory. New growth theory argues that innovations, population growth, new technology, and creative destruction are connected to each other and that these connections will solve the climate change problem. The exponential technology growth, improved international private rights and improved use of human capital are some of those key terms that the theory is all about. The most important thing towards the solution is human capital.
In the race to be the best, China is clearly outperforming the United States. China has strong economic fundamentals¬ such as “a high savings rate, huge labor pool, and powerful work ethic” (Rachman, Gideon. "Think Again: American Decline). Their economy has grown an astonishing 9-10% over the past thirty years; almost double of what it used to be decades ago. China is also the “world’s greatest manufacturer and its greatest market” (Rachman). The continuing growth of China's economy is a source of concern for not only the U.S. but surrounding nations as well. One could argue that the U.S. need not worry about China’s growth because of the spread of globalization and that western ideologies would influence China to turn to democracy. Yet China has still managed to “incorporate censorship and one party rule with continuing economic success” (Rachman) and remains a communist country. Hypothetically, even if China does resort to a democratic state, this does not gua...
Economic growth also play a role in reducing debt to GDP ratios. Therefore, money can be spent on protecting the environment. With higher real GDP a society can dedicate more resources to promoting recycling and the utilization of renewable resources investment. Economic growth encourages investment and therefore encourages a virtuous cycle of economic growth.
Harris. J.M. 2000 Basic Principles of Sustainable Development, Global and Environment Institute Working Paper 00-04, USA