Economic growth is the only way to end world poverty. However, some people say it leads to environment damage and should be stopped. To what extent do you agree?
The majority of the masses believe that economic development is the only way to eradicate
poverty
. While some public believe that financial surge cause damage to our ecosystem. I partially agree with the above-given notion. This
essay will articulate both the views along with my perception.
Firstly
, the economical condition is the mainstream pillar of every nation to deploy unemployment. Secondly
, the majority of people living below the underdevelopment line faces the menace of unemployment. To foster the employment rate
, it is essential for a country to improve their financial state. For example
, In 2006 Algeria has the highest rate
of unemployment and poverty
rate
, but after a couple of years, there is industrial growth
in Algeria which leads to a decline in the rate
of poverty
. However
, the economical rise is not only a solution to diminish poverty
. Education is also
vital to uplift an individual. For economical growth
education is a base, without education financial stability cannot take place. For instance
, according to a Forbes magazine, due to the increase in the literacy estimate in Ukraine, there is economic production simultaneously.
On the other hand
, some people believe that it's a threat to an ecosystem if there is an increase in economic growth
. community support this
notion because economical profits lead to industrialization which indirectly leads to an increased level of pollution. For example
, today in our global village the rate
of pollution is higher in developed nations. The ecosystem is mostly affected in high economic countries.
In conclusion, to reduce scarcity it is very important to increase the employment rate
. This
will be possible if people are well educated and helps in economical growth
without harming our mother nature.Submitted by djsayyed98 on
Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.