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 “Environment” is a big and controversial topic nowadays. We often see news on how to  save  the planet and how to implement politics t...

Industry- Economic Growth or Environment?

 “Environment” is a big and controversial topic nowadays. We often see news on how to save the planet and how to implement politics to get to that goal. But is this topic so “black and white”?
Industry has a big environmental impact, from the air emissions, wastewater, Land Pollution, Marine and Coastal Pollution, Hazardous Materials, Solid Waste to Pesticides and Pest Control Products, Asbestos and Harmful Dust and radiation.
Although industrial development usually means the increasing of pollution, industrialization plays a vital role on economic development.
Industrialization allows countries to make the best use of their scarce resources and pursue to increase both quantity and quality of the manufactured goods by the company, which contributes to the GNP- gross national product. Besides that, industrialization allows a higher standard of living, since that in a industrialized society workers’ labor has a bigger value, which means, today’s worker has a higher productivity as well as a higher income, rising the income for “ordinary” people.
Since the country’s economy depends on the production. Since the export of raw material alone cannot achieve a rapid rate of economic growth, industrialization is the best way of providing economic stability. Moreover, Industrialization improves the balance of payments as it changes the design of foreign trade by increasing the export of manufactured goods, which are more profitable in foreign exchange and at the same time, processing the raw material at home curtails the import of goods, thereby helping to conserve foreign exchange. It also stimulates progress In other sectors of the economy.
Industrialization offers an increased on employment opportunities as well as promoting specialized labor.  It also allows a greater control of economic Activity, since it’s easier to regulate and control than other industries- Agricultural industries, and it can be “easily” expended in order to respond to price, cost of, and demand. Besides that, provides greater technological progress thought the use of advanced technology to increase production and quality of product and reduces costs and  ultimately helps to widen the market.
Since it increases worker’s income, it also enhance their capacity to save, that by cumulative effect stimulate economic growth. In addition, it encourages the development of markets and the increase of government Revenues by increasing the supply of goods for both external and internal markets.

With this said, what’s your take on the Industry? Is it worth destroying our planet because of it? Or do you think we should end it ? or find a way to have both?


Resultado de imagem para environment industry

sources: owlcation and IMOEP




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