Should developing countries such as India prioritize economic growth over stringent environmental regulations, given their need to improve living standards and reduce poverty? Why or why not?
Poverty refers to a situation where an individual (or household) is unable to maintain minimum basic standards of living(food.clothing and shelter). Absolute poverty is a measure of poverty based on a set standard like the poverty line in India. It is usually measured in terms of money.It cam e eraRead more
Poverty refers to a situation where an individual (or household) is unable to maintain minimum basic standards of living(food.clothing and shelter).
Absolute poverty is a measure of poverty based on a set standard like the poverty line in India. It is usually measured in terms of money.It cam e eradicated and is sometimes manipulated to show reduction in poverty when it isn’t there.
Relative poverty of an individual is a measured in comparison to another individual.For example a middle income person is considered relatively poorer to a rich person.It can not be eradicated.It is also a measure of inequality or deprivation.
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The debate between economic growth and environmental protection in developing countries is complex and essential . On one hand, economic growth is essential for improving living standards, reducing poverty, and providing better infrastructure, education, and healthcare. Many developing nations relyRead more
The debate between economic growth and environmental protection in developing countries is complex and essential . On one hand, economic growth is essential for improving living standards, reducing poverty, and providing better infrastructure, education, and healthcare. Many developing nations rely on industrialization, urbanization, and exploitation of natural resources to fuel this growth. This often comes at the cost of environmental degradation, including deforestation, air and water pollution, and loss of biodiversity. On the other hand, environmental protection is crucial for ensuring long-term sustainability and the health of populations. Developing countries face the challenge of balancing these competing priorities. A focus only on economic growth can lead to severe environmental damage, which in turn can undermine future economic prospects by depleting natural resources and causing health problems. Likewise , stringent environmental regulations can hinder economic development by increasing costs and limiting industrial activities. So, the solution lies in adopting a sustainable development model that integrates economic growth with environmental stewardship. This includes investing in green technologies, enforcing environmental regulations, and promoting practices that minimize ecological footprints. International support, through financial aid and technology transfer, is also important to help developing countries achieve this balance.
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