Submitted Essay
The proposition whether economic growth despite tackling poverty and hunger can cause ecological footprints sparks ongoing debate. This essay will delve into the potential drawbacks and salient benefits of economic upturn in subsequent paragraphs, previously presenting my own viewpoints.
On the one hand, one of the primary advantages of economical growth is creating new workplaces. Consequently, it will be possible to reduce the unemployment, prosperity. By virtue of increased wages, individuals and households can satisfy basic needs, such as food and water, but also self-realization or esteem needs. Thus, this is unparalleled opportunity to improve well-being , because households have ample livelihood. Consequently, purchasing power will significantly increase, strengthening the stability of the land. Of equal importance is education. If people earn more, more tax es are paid Therefore, the government’s budget will swell. Policymakers can allocate funds for the development of the educational system For example, Germany offers free undergraduate and postgraduate education for foreign students Hence, there is a highly-skilled workforce. The education has likewise utility function: pursuit to knowledge. It is a contributory factor in making innovations The disruptive technologies which need a plethora of financing enable to simplify our lives . Without economic growth, such improvements would be hardly conceivable
On the other hand, proponents often express concerns about the synergistic effect on the environment Countries can produce substantial goods and services using outdated equipment and increased fossil resources For instance, India’s GDP is significantly higher than Switzerland’s However, ecological footprints are evident throughout the country, while in Switzerland the quality of life and life expectancy are high. This stems from the excessive use of outdated technologies which exacerbate the greenhouse effect. In addition, this leads invariably to soil pollution, water acidification, migration or various animal species, drought. It is awful for foreseeable future. Consequently, it would be beneficial if governments allocated more funds for climate neutrality and innovations
In conclusion, I agree with the first statement I firmly believe that economic growth is a beneficial step towards improving welfare, as it enables increased incomes and purchasing power However, ecology plays a prominent role. Not quantitative, but qualitative growth is needed.
On the one hand, one of the primary advantages of economical growth is creating new workplaces. Consequently, it will be possible to reduce the unemployment, prosperity. By virtue of increased wages, individuals and households can satisfy basic needs, such as food and water, but also self-realization or esteem needs. Thus, this is unparalleled opportunity to improve well-being , because households have ample livelihood. Consequently, purchasing power will significantly increase, strengthening the stability of the land. Of equal importance is education. If people earn more, more tax es are paid Therefore, the government’s budget will swell. Policymakers can allocate funds for the development of the educational system For example, Germany offers free undergraduate and postgraduate education for foreign students Hence, there is a highly-skilled workforce. The education has likewise utility function: pursuit to knowledge. It is a contributory factor in making innovations The disruptive technologies which need a plethora of financing enable to simplify our lives . Without economic growth, such improvements would be hardly conceivable
On the other hand, proponents often express concerns about the synergistic effect on the environment Countries can produce substantial goods and services using outdated equipment and increased fossil resources For instance, India’s GDP is significantly higher than Switzerland’s However, ecological footprints are evident throughout the country, while in Switzerland the quality of life and life expectancy are high. This stems from the excessive use of outdated technologies which exacerbate the greenhouse effect. In addition, this leads invariably to soil pollution, water acidification, migration or various animal species, drought. It is awful for foreseeable future. Consequently, it would be beneficial if governments allocated more funds for climate neutrality and innovations
In conclusion, I agree with the first statement I firmly believe that economic growth is a beneficial step towards improving welfare, as it enables increased incomes and purchasing power However, ecology plays a prominent role. Not quantitative, but qualitative growth is needed.