Historically there has been a close correlation between econ

Historically there has been a close correlation between economic growth and environmental degradation. Is it possible to be sustainable and profitable?

Solution

It is understood that economic growth, i.e. more GDP,output, employment and income has chances to bring environmental degradation. The increase in factories would lead to more industrial waste and the poisonous waste and fumes will bring various diseases. For the settlement of factories, more trees would have to be chopped and it will lead to make the world a machine city. The population would increase to provide labor and hence various slum colonies would have to be tolerated. There would be pollution and not a whiff of fresh oxygen would be inhaled leading to various diseases like asthma, tuberculosis etc There would be increased migration of people from villages to towns leading to residential problems. For them, more employment would be needed. For the increased population, more nutrition is needed and this would overbring the demand and hence this would lead to inflation and decrease in real value of money. This would need that more efficiency in production should be developed with new brain revolution. Doctors , engineers, scientists are needed for more efficient increase in output which may employ the increased labor force. More research is needed to increase the life span of industries and people. There may be deficit and for that foreign collaboration is necessary.

By,

Nishant Bhatt