Some people say that industrial growth is necessary to solve poverty , but some other people argue that industrial growth is creating environmental problems and it should be stopped. Discuss both views and give your opinion

The persistent problem of

poverty

in the developing world has put a question mark on the relation The persistent problem of

poverty

in the developing world has put a question mark on the relation between economic

growth

and

poverty

. Some individuals are of the opinion that when

economy

Suggestion

the economy

an economy

develops, because of industrial

growth

,

poverty

comes down. Others believe that economic

growth

leads to

poverty

.

This

essay intends to analyse both perspectives. I,

however

, agree with the former view.

To begin

with, industrial

growth

benefits nearly all citizens of a country, even if not equally, and

therefore

reduces

poverty

.

For example

, in rural areas, most of the poor are engaged in agriculture. When

such

a country grows through agricultural exports, it benefits both poor farmers and the even poorer labourers they employ.

Similarly

, rapid

growth

in

manufacturing sector

Suggestion

the manufacturing sector

because of increase in demand creates a lot of new jobs, and eventually causes a rise in wages that

further

reduces

poverty

. My

second

argument comes from historical records. Western countries began discovering the positive relation between economic

growth

and

poverty

reduction around 1820 and

as a result

the living standards in Europe and the United States improved many fold in the

next

years. Economic

growth

Accept comma addition

growth, thus

thus

eliminated mass

poverty

in what is today considered the developed world. Even a short-term view confirms that the recent acceleration of

growth

in many developing countries has reduced

poverty

, measured the same way. The opponents of

this

view claim that economic progress leads to inequality between the rich and the poor. They opine that a handful of rich are getting richer while the poor are being driven to the wall.

However

, results have proved that

such

inequality is only short lived and everyone has benefited in the long run. It is because of the high initial inequality that it appears as if economic

growth

is leading to

poverty

. Summing up, industrial progress definitely reduces

poverty

. Sometimes, there is

unequal distribution

Suggestion

an unequal distribution

of wealth in the initial stages of economic development.

Nonetheless

, everyone benefits eventually.