Economic in China

Topics: Hurricane Katrina, Economics, Human Development Index Pages: 2 (310 words) Published: September 8, 2013
Andy Betancourt

Period 0

IB Economics

Mr. Moody

Student Workpoint 1.3 & 1.4

The HDI represents a push for a broader definition of well being and provides a composite measure of three basic dimensions of human development: health, education and income. Between 1980 and 2012 China's HDI rose by 2.0% annually from 0.407 to 0.699 today, which gives the country a rank of 101 out of 187 countries with comparable data. The HDI of East Asia and the Pacific as a region increased from 0.432 in 1980 to 0.683 today, placing China above the regional average.

1. Global warming has been a controversial subject for decades. It is inevitable for an economy that wishes to grow in the short term as the efficient, non-renewable resources emit greenhouse gases whereas in the long term, it poses a threat for the economy of posterity. A UN study has revealed that global warming increases the magnitude and frequency of natural disasters, thus pushing the economy on the brink of collapse. Also experts believe that the global warming has increased the size and frequency of hurricanes. The Katrina hurricane in 2005 may be used as a justification to this statement; it caused $125 billion worth damage in the US. Consequently, the GDP dropped from 3.8 to 1.5, which is more than a 50% drop Ironically the disaster had a huge death toll but increased unemployment as many firms moved in search of greener pastures. However the economic development of the US is stable as developed countries are able to cope with natural disasters. So we can evaluate from these statistics that global warming is a huge threat to a sustainable development. 2. –Huge gaps between the rich and the poor

-Nonrenewable resources being used up
-Green house affect
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