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Economic growth Leads Or Damages Human Development

Economic growth Leads Or Damages Human Development

          
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About the Book

Why do we need to concern economic growth? Because political importance means domestic and international trading income and the country's people earning income measurement as well as humanitarian importance means an indicator of welfare, an indicator of human development and an indicator of sustainable development measurement. However, if seems GNP or GDP measures that value of products and services produces within an economy ( economic income) in a given year, but it can also measure of welfare development, sustainable anything. Otherwise, human development includes welfare, which measures quality of life and human development, which means quality based concept as well as sustainable income, which means how much we can spend without running down capital stocks, we can maintain same level of spending in perpetuity. Hence, human development concerns our quality of life or standard of living. So, human welfare separation of means from a direct measure of well-being as well as economic welfare separation of means GNP or GDP corrected for expenditures on various necessities. So, it brings this question: Can GDP ( economic growth measurement) be an indicator of human development or human welfare? I shall indicate cases to attempt to explain as below: For GDP per capita and happiness case example, I assume that the country, US increases rapidly up to capita US $4,000 per capita in this year and small returns after that. What does this mean? What influences US people feel happy or happiness feeling causes? For another changing in GDP correlate to changes in environment quality case. Environmental KC ( Kuznets Curve) showed the graphical representation of Kuznets theory from the 1940 year that economic inequality increases over time, then at a critical point begins to decrease. Environmental KC (EKC) shows a hypothesized relationship between various indicators of environmental degradation and income per capita.The EKC ( environment Kuznets Curve), shows that in the early stages of economic growth degradation and pollution increase, when beyond some level of income per capita, which varies for different indicators. The trend reverses, so that at high-income levels economic growth leads to environment improvement. This implies that the environment impact is an inverted u-sharped function of income per capita. Thus, EKC implies that economic growth has relationship to influence or lead environmental pollution causing, due to many factories are manufacturing any products during economic growth period. All air or water pollution will increase, due to factories manufacturers manufacture lot of products. The scale effort brings that economic growth increases environmental pollution if there is no change in other factors. The other factors include that change in output mix, change in input mix, state of technology, production efficiency and demand for " improved environment". Hence, when these factors have no change and factories need to use many resources to manufacture lot of products in the manufacturing process. It will bring serious pollution, due to these factories have not improved its technology, production efficiency to avoid to pollute environment to cause local pollutants, deforestation, biodiversity, river low quality, carbon and air low quality, waste increases with increased income. Hence, it is an evidence to explain economic growth will have possible to cause pollution indirectly as well as poor quality of life ( standard of living) to influence our life. IT is a good evidence to explain how economic growth can lead human's quality of life ( standard of living ) to be poor. SO, it brings these questions as below:


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Product Details
  • ISBN-13: 9781729160978
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 254 mm
  • No of Pages: 54
  • Spine Width: 3 mm
  • Width: 203 mm
  • ISBN-10: 1729160972
  • Publisher Date: 23 Oct 2018
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 127 gr


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