Industrialization economics and the environment essay

Society needs to keep all energy options open to satisfy the growing demand. The industrial and consumer flow of energy and their effects on the environment is higher. They influence the economic, political, regulatory, and social factors of the country.

Industrialization economics and the environment essay

Essay on Industrialization in India Essay Contents: India began her quest for industrial development after independence in The resolution not only defined the broad contours of the policy; it delineated the role of the state in industrial development both as an entrepreneur and as an authority.

Successive policy resolutions also reiterated this basic tilt in favor of the public sector. The Industrial Policy Resolution of gave the public sector a strategic role in the economy.

It categorized industries which would be the exclusive responsibility of the state or would progressively come under state control and others. Earmarking the pre-eminent position of the public sector, it envisaged private sector co-existing with the state and thus attempted to give the policy framework flexibility.

Industrialization economics and the environment essay

The Industrial Policy initiatives undertaken by the Government since July have been designed to build on the past industrial achievements and to accelerate the process of making Indian industry internationally competitive. It recognizes the strength and maturity of the industry and attempts to provide the competitive stimulus for higher growth.

The thrust of these initiatives has been to increase the domestic and external competition through extensive application of market mechanisms and facilitating forging of dynamic relationships with foreign investors and suppliers of technology. The process of reform has been continuous.

There is a strong case for the industrialization of countries like India with vast human resources, large and varied natural resources and continental dimensions.

The following are the main arguments in favor of industrialization: The industrial development can provide a secure basis for a rapid growth of income. In the sphere of industries, man can, by putting in more effort and application of ever-improving technology, push on with the objective of producing more and more economic goods.

In the industrial sphere it is possible to enlarge the scale of production. Empirical evidences suggest a close relationship between the high level of income and industrial development. Reduce Disparities in Export and Import Elasticity: If an economy does not opt for industrial development, it may concentrate on the products of primary goods, export them, and get industrial goods from industrially developed countries.

But such an economy may find it difficult to earn foreign exchange to import their manufactures. The income-elasticity of export-goods of agricultural countries is low, while the income elasticity of import-goods is high.

As in the case of domestic demand, the demand for agricultural products in other countries, in particular advanced countries, is very low. In fact, developed countries have surpluses in agricultural products for exports.These are the effects of industrialization on the environment: Pollution.

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Industrialization normally adds to pollution in air, water, soil, due to the waste products it produces. Extraction. Industrialization makes use of resources - raw materials from the land, water, perhaps wood and plants, fossil fuels, etc.

Industrialization economics and the environment essay

Industrialization, Economics, and the Environment Essay - Industrialization, Economics, and the Environment Human technological advancements make it possible to sustain larger and larger population by exploiting more and more natural resources. Industrialisation or industrialization is the period of social and economic change that transforms a human group from an agrarian society into an industrial society, involving the extensive re-organisation of an economy for the purpose of manufacturing.

Industrialization, Economics, and the Environment Essay - Industrialization, Economics, and the Environment Human technological advancements make it possible to sustain larger and larger population by exploiting more and more natural resources.

Positive Impact of Industrialization. Low cost of production: The introduction of industries have led to the decrease in the cost of production of many essential items.

The Fourth Industrial Revolution: what it means and how to respond | World Economic Forum

The decrease in cost is the result of economy of Large scale production. It allows to save time and labour. Industrial goods have become more affordable for common people.

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Essay on Industrialization in India | Economics