PROMOTING ECONOMIC GROWTH IN DEVELOPING COUNTRIES IS GOOD FOR THE ENVIRONMENT

Promoting economic growth in developing countries is good for the environment’. Explain the relevant theories and discuss the empirical evidences for this proposition.

Recent events have more than highlighted the importance of the environment debate globally. The rise of Donald Trump as the president of the United States and his controversial take on climate change has more than before brought the need for analysis of what we know about environmental conservation and its intersection with economic growth. Opinion in the developed world has occasionally fluctuated depending on the politics and the economic benefits to be accrued. A key example is the US administration’s authorization of the keystone pipeline despite a history of opposition from climate change advocates. This dilemma does not, however, burden developed countries only; in fact, the question of economic growth and the Environment is more relevant to the developing economies that undeniably need to grow. Developing countries thrive to achieve growth levels comparable to or better than the developed world.

Environmental Kuznets Curve             This theory presupposes that the solution to pollution is economic growth. The curve drawn gauging the relationship between economic growth and environmental degradation shows that with a better economy, environmental protection is guaranteed. The concept of the Kuznets curve was initially developed by the economist Kuznet Simons in the 1950s. The theory is applicable across various subjects in economics, including markets, industry, welfare state, and inequality. In all these subsets, like in the Environment, the Kuznets hypothesis recognizes that with economic growth, conditions at first worsen but later improve.

Environmental Political Theory            When it comes to the environment, the role of political leadership cannot be underestimated. Countries, where leadership is proactive on environmental matters, have a better record in environmental matters. A shining example is the country of Sweden, whose leadership has shown how a responsive and environmental acquiesced leadership is vital in environmental conservation. The environmental political theory highlights the role of governance on matters climate and environmental protection.

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