What are the problems of Environment in Economic Growth?
Environment Problem: Economic growth can damage the environment by:
• Negative externalities as an example waste through manufacturing can damage the quality of water, land and air. No individual owns natural resources as like air and water that is there are no property rights, therefore pollution costs are externalised and fall onto all of society like environmental damage. Occasionally negative externalities within country A are borne by country B which means pollution is transnational.
• Depletion of natural resources by over-fished oceans, destruction of Malaysian teak forests through unchecked illegal felling; over-exploitation of water supplies into a country for industry has led to water tables receding threatening desertification; therefore destruction of coral reefs.
• Eroding global and local ecosystems. Ecosystems are the earth self exacting mechanisms to waste-dispose. Pollution can fundamentally damage ecosystems as an example climate change through global warming is raising world sea levels leading to sustained flooding into low laying other country.