2.How has the UK economy changed over the past 40 years?
2.1What is economy?
2.2 How was the economy 40 years ago?
2.3 How is the economy now?
3.How development and product consumption affects the environment and economic growth
3.1The affect of pollution from economic growth
4.Has developing economy had a positive impact on the general well being and welfare of people?
4.1How food consumption has affected people
4.2How has education of topics such as recycling played a part in economic growth and the environment
In this assignment I will be examining the relationship between economic growth and the environment. I will be discussing how the economy has changed over the last 40 years, how development and product consumption affects the environment and economic growth, and discussing whether developing economy has had a positive or adverse affect on the general well being and welfare of people. I will begin by giving an overview of what is meant by economy, and what type of economy the UK is described as.
2. How has the UK economy changed over the past 40 years?
2.1 What is economy?
Economy is the name given to the range of activities that gives rise to the production, distribution, exchange and consumption of goods (Fribbance, 2009, p.15). There are different types of economy such as developed economy, open economy or closed economy. The UK is seen as a developed, open economy. This means that the UK has high income levels and the economy has a large service sector (developed economy) as well as the economy being open to trade goods and services with other countries (open economy) (Fribbance, 2009, p. 17). An example of a closed economy would be where Cuba’s trade with Russia was ended during the Cold War. The UK is also seen as being supportive of economic globalisation. Economic globalisation is the process of increasing economic integration and interaction between different states, leading to the emergence of increasingly global markets (Fribbance, 2009, p. 19). We can measure the output of a particular state by looking at the Gross Domestic Product (GDP) which is the total value of everything produced in an economy in a time period such as a year (Fribbance, 2009, p. 21). If you look at figure 2 (Fribbance, 2009, p. 22), you can get an idea of how the UK compares with other countries.
2.2 How was economy 40 years ago?
40 years ago food was mainly produced on local farms, heating was sourced via open fires and people relied on public transport, walking and bicycles rather than cars.
2.3 How is economy now?
In today’s society, the average income of UK citizens is more than twice what it was 40 years ago (ONS, 2008, p. 62). We have larger incomes and so are able to afford more ‘luxury’ items such as household appliances and electrical consumer items, and a wider choice of relatively cheaper foods, including ready-prepared and exotic foods (Fribbance, 2009, p. 13) The UK has joined in the European Union, and one of the originating principles of the EU is free trade as this brings the UK easy money.
3. How development and product consumption affects the environment and economic growth.
3.1 The affect of pollution from economic growth
One issue with a growing economy is pollution. This is because of the rise in factories producing materials, as well as the increase in vehicles (lorry’s) transporting goods and shipping goods overseas. If we did not have trade, there would be many items which would not be available, for example, tropical fruit in food stores, because they cannot be readily grown in the UK (Fribbance, 2009, p. 18). Many products however, would still be available but would be a lot more expensive as the UK would have to use a...