News Headline
The Economist – Destroying the Environment to Save It
Source
DC Bureau
Publication Date
2013-09-23
Growth is good for the environment. At least that’s the headline from The Economist special issue on biodiversity.The magazine argues that, in the long run, economic growth allows countries to invest in governance and technological innovation that improve environmental conservation. This is the idea behind the environmental Kuznets curve (EKC), which says that there is an inverse U-shaped relationship between income and environmental degradation. The argument goes that, early on in a country’s development, it exploits its natural resources to grow.