An interesting statement about the relationship between economic growth and the environment was proposed by Simon Kuznets, Nobel Prize in Economics in 1971.
This author proposes the theory of the Environmental Curve, which represents how the growth of the economy affects the environment, and establishes a relationship between these two variables by drawing an 'inverted U', so that, as the growth of the economy increases , environmental degradation only increases to a certain point, from which it begins to diminish. That is, when a moment of economic development arrives, it no longer negatively affects the environment. The conclusion of this theory is that economic growth is not a threat to the environment in the long term, but the requirement to improve its quality.
It may seem logical to assume that after a determined level of economic growth, you would consider more relevant the quality of that growth. In that sense it is supposed that developed countries would protect in better the enviroment, as an indicator of quality of life and therefore growth. However, several of the arguments that serve as a theoretical basis for the hypothesis are not mainly operational in the economic, social and institutional circumstances of developing countries. In particular, the inequality in the distribution of income and the fragility of the institutional framework in environmental matters weaken the main foundations that support this hypothesis, removing relevance to the convenience of waiting and growing to achieve improvements in environmental quality. Also empirical studies in developed countries show that there is no reduction of enviromental contamination after a given amount of per capita income, so the Kutznets curve has proven wrong.
To answer your question for developing countries, that I think are the most difficult places to implement a strategy of enviromental friendly growth, would need a global framework that supports environmentally friendly growth in terms of soft loans and subsidies. Otherwise the enviromental subject would never be more important for these countries that achieving growth or reducing poverty and inequality for instance. Without support it would be very difficult for developing countries to prioritize the environment above the economic issue.
Progress without respecting the environment is very selfish because it ignores the rights of the future generations. Notably, man's destiny is entwined with that of nature because our health and happiness depend on the earth we stand on and we should learn how to be kind to our own Mother Earth.
Garbage and waste recycling itself is big potential business. This sure will expand economy too.It is important social function and to save environment >When we start looking for ways to reduce emissions and waste in product manufacturing and distribution process we reach higher levels of efficiency, productivity and quality too. many useless products are dropped and new products and innovations enter the economy.
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