The Cost of Economic Growth

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The Cost of Economic Growth

Part 1 (Respond and Explain in Great Detail):

In Chapter 7: The Environment – Part II, Hite and Seitz (2016) 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 consequences to the long-term health of its citizens or its environment. On the other hand, poverty can also harm the environment such as how searching for land to farm contributes to deforestation.

Do wealthy nations using the labor of developing nations have responsibilities to the people and environment of that country? Why or why not? Be sure to use examples of existing companies to support your response.