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Discussion The Cost of Economic Growth
In Chapter 8, "The Environment: Pollution" (Hite, 2021), discuss the existing tension between development and the environment.
Development brings economic growth as well as social and environmental changes. To a developing country, economic growth may be of a higher priority than the long-term health consequences for its citizens and environment. On the other hand, poverty also can harm the environment, for example, as farming land contributes to deforestation.
TASK
1. Discuss (in detail) how wealthy nations use the labor of developing nations (for profit). How does exploiting natural resources and human labor produce more climate change problems?
2. Are wealthy nations that use the labor of developing nations responsible to the people and environment of that country? Why or why not? Explain.
Explain the arrangements and workings of the European Monetary System (EMS). Explain how to compute the overall balance and discuss its significance.
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1. What are the three drawbacks of using the payback method?
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