Thread started: Apr 4 2008, 10:35 AM EDT
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I am quite sure that there is such a thing as too much growth because it can cause many problems in society. For example, recently there has been too much economic growth and as a result, many typical Chinese citizens that live near the poverty line can't afford pork for their families because of rapidly inflating pork prices. Uncontrolled growth in China has also caused huge amounts of industrial pollution that is harmful to the environment. At what point, under what circumstances is a nation having too much economic growth, how can we determine this and what are various ways that governments can use to prevent excessive pollution and damage to the environment while keeping in mind the welfare of the people?
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RE: Is there such thing as too much growth?
By: ,
Dec 16 2008, 6:33 AM EST
Too much growth definitely causes problems in the economy. A growth of an economy leads to a high GDP which most likely leads to inflation. The value of the money goes down. Another point is that big companies get bigger and bigger and people invest more money in it than the company’s actual value. That causes a bubble and an economical crash. This is all theoretical but it happened several times in the future. There are also good points like lower unemployment rates but all in all too much growth is not good.
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