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

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

poverty

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

growth

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and

poverty

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. Some individuals are of the opinion that when

economy

Suggestion

the economy

an economy

develops, because of industrial

growth

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,

poverty

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comes down. Others believe that economic

growth

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leads to

poverty

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.

This

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essay intends to analyse both perspectives. I,

however

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, agree with the former view.

To begin

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with, industrial

growth

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

therefore

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reduces

poverty

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.

For example

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

such

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

Similarly

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, rapid

growth

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in

manufacturing sector

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the manufacturing sector

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

further

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reduces

poverty

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. My

second

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

growth

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and

poverty

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reduction around 1820 and

as a result

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

next

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years. Economic

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growth

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growth, thus

thus

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eliminated mass

poverty

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

growth

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in many developing countries has reduced

poverty

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, measured the same way. The opponents of

this

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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

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, results have proved that

such

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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

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is leading to

poverty

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. Summing up, industrial progress definitely reduces

poverty

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. Sometimes, there is

unequal distribution

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an unequal distribution

of wealth in the initial stages of economic development.

Nonetheless

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, everyone benefits eventually.