This argument is based on the fact that, economic development will enhance efficiency in production leading to sustainable environment. The argument is also supported by the need to develop and promote green sources of energy. This report examines the relationship between economic growth and environment.
Environment is key in production and hence the basis of any economy. It has been established that the economic condition of a region depends on the environment. On the other hand, the economic activities in a region have a great influence on the environment. This indicates that there is a direct relationship between the economy and the environment. The living standards of citizens in a given region, is the main indicator of economic status of the region. Economic growth indicates a happy and a satisfied society. A satisfied society has the ability and desire to take care of the environment or is conscious about environmental conservation. This indicates that economic development has positive contribution to the economy.
Economic developments indicate availability of exploitable resources. Resources are factors of production or things used to produce other goods and services that satisfy human wants. This implies that the economy of a country requires resources or factors of production. The availability of resources determines the rate of economic growth in a country. Countries with resources such as minerals have stronger economies than countries without recourses. Oil producing countries in the Middle East and Northern Africa have higher rate of economic growth than other similar country. Libya is an African country that has vast oil resource. Although Libya is a desert country, it has a stronger and an active economy than other countries of similar size and population. This applies to other countries with natural resources such as forest and water bodies. Countries such as China and India have the largest population in