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

The persistent problem of

poverty

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in the developing world has put a question mark on the

relation

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relationship

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between economic

growth

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and

poverty

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. Some individuals are of the opinion that when the 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 analyze both perspectives. l,

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

laborers

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labourers

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they employ.

Similarly

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, rapid

growth

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in the manufacturing sector because of an 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 argument comes from historical records. Western countries began discovering the positive

the

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apply

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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 standard in Europe and the United States improved many folds in the next years. Economic

growth

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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

The

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apply

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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

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the rich

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are getting richer

while

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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.

lt

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it

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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 prove. Sometimes, there is

unequal

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an unequal

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distribution

wealth

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of wealth

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in the initial stages of economic development.

Nonetheless

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, everyone benefits eventually.