Effects of Economic Growth on Environment

has positive effects on many economic activities, such as transport, construction, accommodation and other services. Although having many advantages, its disadvantages should not be overlooked. In this paper, we will find out about what advantages and disadvantages that tourism brings. Nowadays, tourism is the flourishing industry of the world with many advantages and the first advantage of it is increasing employment opportunities. It plays an important role in stimulating higher growth,…

Ramajeesingh, 2003). The expansion of the tourism industry in the Caribbean has generated significant positive economic growth; however, researchers reveal the considerable detrimental environmental and sociocultural effects to the host community as well as several negative economic…

government takes great care to regulate our economy, in hopes of sustaining economic growth and ensuring prosperity. A distressed economy is unlikely to have a greater positive impact on investors, consumers, or corporations than that of a prosperous one. Any increase in our economy’s total output (GDP) will directly correlate with an increase in tax revenue, assuming that tax rates remain stagnant. Maintaining this growth is necessary to provide consistent employment and thus placate a nation’s…

Growth retardation is the body’s response to malnutrition and it has various adverse consequences on individual’s life cycle, especially when it occurs during key developmental stages. Retarded growth is caused by internal coping mechanisms to environmental and nutritional changes and has a long lasting effect on individual’s growth, thus influencing population’s level of health. The phenomenon can be attributed to Human Plasticity, or the body’s ability to adapt to multiple environments. While…

externalities of our capitalist economy and its effect on the environment. To address the current problems with the economy and the environment, we need to raise consciousness and educate, create and enforce fiscal and regulatory policies on the local and national level, and create international agreements that will lead to a sustainable global economy. We need to raise awareness to major problems such as ethical issues, exponential population growth (the multiplier effect) and the ecological…

Comparative and Absolute Advantage This paper analyzes and compares the economic, political and cultural development of three countries; Australia, USA, and Canada. Further presents on measures of economic growth, comparative and absolute advantage in international trade. Economic statistics of the country, and reasons why their economy varies, and effects of international trade on their economic strength. Finally, analyze products that give the countries absolute and comparative advantage as…

PROTECTION AND ECONOMIC DEVELOPMENT SHOULD PROCEED IN TANDEM: The world can be characterized as developed and developing countries. Regardless of which end of the spectrum a nation stands, both extremes have caused environmental stress in the world. Therefore, it is important to understand the differences, and issues between the developed and developing nations, to effectively understand the dynamics. Environmental constraints in developing countries are characterized by population growth…

remarkable series of innovations and inventions. As a result of the increase in industry, there were some detrimental effects to the environment and sections of the working class. However, the advances made during the Industrial Revolution conclusively paved the way for a “better world” as a result of the growth of a new industrial working class as well as a boom in global trade and economic growth.…

foreign aid and economic growth has drawn great attention for years. The topic is extremely controversial one. There is now a large literature on the relationship between aid and growth. Empirical findings between aid and economic growth is mixed. Some studies found positive relationship between aid and GDP growth rate. For example, study conducted by Hansen and Trap (2000) examines the relationship between foreign aid and GDP per capita. They found that aid increases the GDP growth rate without…

soils (Zhang 5). Another author argues the successful achievement of China’s food security in the past decades. But this has resulted in severe damages to the environment, particularly the agricultural sectors on farms. Long-term sustainability of food production is at risk due to the amounting environment costs and damages, with economic losses ranging from 7 to 10% of agricultural GDP (Norse 10). All ages are affected by pollution, but one group that is most susceptible is children, because…