Is Economic Growth Beneficial?

Paper Summary:

The paper analyzes the causes of economic growth and its negative and positive effects in light of the statement that 'economic growth is not in the best interest of the population, at least not in the long term'. The writer relates that he partially agrees with the statement due to the negative long-term effects of economic growth, such as income inequality and negative effects on the natural environment. The writer also partially disagrees with the statement for he considers economic growth to have numerous advantages for the population that include technological, legal, educational and political advancements.

Outline:
Introduction
Economic Growth
Positive Effects of Economic Growth upon the People
Negative Effects of Economic Growth upon the People
Conclusions

From the Paper:

"Economic growth is an extremely wide concept and it can be looked at from numerous perspectives. For once, it can be analyzed from a generalist stand point, meaning the economic growth of the world. This basically affects the population in the meaning that it will increase their living standards, but it will also generate an increased consumption of the globe's natural resources. Then, it can be divided into geographical regions and understood as the growth of a country in comparison to another country. This represents the gap between developed and less developed countries, which is generally deepened by further economic growth. Finally, it can be seen as the growth and development of a company within a national or international context."

Sample of Sources Used:

• Ben-Ami, D., 2006, Who's Afraid of Economic Growth, Spiked, http://www.spiked-online.com/Articles/0000000CB04D.htm, last accessed on March 11, 2008
• Bourguignon, F., 2003, The Effect of Economic Growth on Social Structures, World Bank, Retrieved from http://elsa.berkeley.edu/~chad/bourguignon.pdf on March 11, 2008
• Brenner, R., 1998, The Causes of Economic Growth, Policy Report, Volume 20, Number 3
• Bruyn, S.M., 2000, Economic Growth and the Environment: An Empirical Analysis, Kluwer Academic Publishers
• Carlson, D.K., 2008, Public Priorities: Environment vs. Economic Growth, Gallup, http://www.gallup.com/poll/15820/Public-Priorities-Environment-vs-Economic-Growth.aspx, last accessed on March 11, 2008

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