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INTRODUCTION: Our natural environment includes all living and non living things like land, forests, minerals, water bodies, the atmosphere, etc. Some of these resources are renewable and others are non renewable, which get depleted and ultimately exhausted with their continuous use. Even the renewable resources may get degraded or polluted. Economic development leads to increase in the rate of national income. Increase in national income would result only from increased production of goods and services. This is only possible with greater consumption of natural resources such as land, forest, fuels etc. Thus reckless and thoughtless use of these resources would cause their exhaustion and degradation, thereby reduce productivity and impede economic growth. As a result our future generations will not get enough resources for their use thus adversely affecting their output, income and living standards. So environmental degradation not only affects us but will also have repercussions on our future generations.
DEVELOPMENT: Thus industrial processes for the economic development play a major role in the degradation of the global environment. In developed countries, environmental regulation and new technologies are reducing the environmental impact, but industrial activities and growing demand are still putting pressures on the environment and the natural resource base. In developing countries a double environmental effect is occurring: old environmental problems, such as deforestation and soil degradation, remain largely unsolved. At the same time, new problems linked to industrialisation are emerging, such as rising greenhouse gas emissions, air and water pollution, growing volumes of waste, desertification and chemicals pollution.
ENVIRONMENTAL REGULATIONS: Since environment regulation tends to be weak in developing countries some of these countries have begun to specialize in pollution intensive manufacturing, particularly in products which have good export