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The Environmental Costs of Economic Growth Policies

  • John Joshua
Chapter
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Abstract

Chapters 3 and 4 discussed how income inequality has increased and how poverty may be alleviated. China is rapidly developing into a consumer-oriented society. Along with it comes a capitalist throw-away culture, which produces unnecessary waste, increasing the usage of non-renewable resources. It is the cost of increasing affluence for which the Chinese are now paying in their search for the ‘Chinese Dream’ (zhōng guó mèng) promoted by the present Chinese government. The accomplishment of the zhōng guó mèng is an important and worthwhile goal but it can become costly to the environment if mismanaged. The environmental costs resulting from growth policies are discussed in this chapter. Nordhaus (1973) argued that continuing technological progress and substitution of factors is likely to result in a more optimistic scenario than presented by the Club of Rome (1972). However, it is argued in this chapter that corrective environmental policies have to be implemented to avoid further deterioration of the environment.

Keywords

Negative Externality Environmental Kuznets Curve International Energy Agency Marginal Social Cost Marginal Social Benefit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  • John Joshua
    • 1
  1. 1.Independent scholarShun Cheng District, Fushun-CityChina

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