Last updated: March 16, 2019
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A Good Thing? Essay, Research PaperWhen a state undertakes the challenge of economic growing, it does it for a figure of grounds, but perchance the most of import of these is to fulfill its public.

After the Second World War, South Korea wanted to turn economically in order to get away their medieval agricultural life styles and to see all of the furnishings of consumerism. But alternatively what South Korea and many other developing economic systems find themselves bundled with is far from their idealistic dreams. Growth is non ever something to be welcome for the huge bulk of economically turning states. Of the huge array of categorised immoralities that materialize from growing is the hideous pollution. The pollution we see today is eternal. From the smallest microcosm to the full Earth, economic growing and waste is easy choking everything around us.

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As members of an industrialized society the damaging effects are all excessively evident. And in general, the despoiling of the landscape and the pollution of air and H2O lessening adult male & # 8217 ; s ability to bask the & # 8220 ; existent & # 8221 ; comfortss of life, therefore oppugning the recognized sentiment that philistinism brings more to our day-to-day lives than for illustration, the life of person in a pristine and gratifying natural environment. As I sit here composing this essay, in forepart of me lie huge wrappings of land ripped broad unfastened, and in their topographic point, concrete sits. To the turning economic systems of the universe, we must present one inquiry and one inquiry entirely & # 8211 ; Is this what you truly desire? Socially, one might reason that possibly, economic growing might be a good thing. All of the stereos, vacations, nomadic phones and flats, some might state conveying & # 8220 ; enjoyment & # 8221 ; . But with this monolithic growing frequently society & # 8220 ; wants & # 8221 ; are frequently created faster than the industrial machine can fulfill them, taking to a continual, acrimonious desire that ever rises beyond what can fulfill it. Human nature dictates this. I will non halt and be satisfied with my Jaguar, my Rolls Royce and my BMW & # 8211 ; no, now I want a Mercedes.

This leaves people frequently dissatisfied than earlier, when consumerism had been given a lower value. Today, in our & # 8220 ; advanced & # 8221 ; society, ingestion exists non to fulfill consumer wants, but simply to warrant production. Not merely this, but ALSs o the demands of high economic growth and consumerism also place a huge toll on the cogs of the industrial machine, the workers.

Why do some many people take depressants and commit suicide in developed nations if they are really enjoying the “real” amenities of life? The stress and high-paced lifestyle is not always what people in less developed countries or even in developed countries would necessarily want. So far, I have merely dealt with the problems that countries that have grown have encountered. But there are far more problems in countries where growth is just starting to occur. As well as the pollution and dissatisfaction there is also a huge social burden.

In economically growing countries the social deprevation is all to apparent. Most economically growing countries suffer depravation of Dickensian proportions. The massive urbanisation often leaves authourities outstripped in terms of resources, which means that health-care, education, basic amenities and housing considerations can not be met, and thus we see the situation in countries like Pakistan and India today.

The cholera outbreaks, the massive shanty towns, and all of the social depravation would not occur in an Agrarian society. The effects of economic growth are intrinsic with the nature of economic growth. Many newly growing countries do not have the capital and resources available to instigate economic growth. Thus they must utilise the investment that is available from outside. But there is a catch. Because of the huge uncertainity and chance involved in lending money to a politically unstable country, the lender must have a return proportional to the risk he/she is taking.

Thus a debt grows. Thus a country like Namibia and most of Africa must pay the loans back with the huge rate of interest, equal per annum to their total healthcare expenditure. This, in conjunction to the African states pechant for being ruled by dictators and buying a plethora of guns can cripple a country. Thus, while in the short and long terms, economic growth does have its disadvantages.

But it also does have its advantages. And again, if I were to ask the question, “is it worth it?”, it seems as though third and second world countries have voted with their feet, for a resounding, “yes”.