Global Economy Essay Example | Topics and Well Written Essays - 3000 words

Global Economy - Essay Example The new structural adjustment programme (SAP) and economic policy usually foretell environmental effect without precision due to the multifaceted interaction of different ecological, political, social, and economic forces. This will result in an adverse effect on ecological balance. The overexploitation of natural resources caused by greater demand and the destruction of ecological systems because of rapid population increase has a severe effect on the environment. Thus the notion of sustainable development emerged, which denotes a method of human growth wherein resource use aspires to satisfy human needs while protecting the sustainable performance of the environment or the ecosystem, so that the needs of both the present and future generations will be met. Globalisation is definitely changing the global environment. Some believe that globalisation has a favourable effect on sustainable development, as a phenomenon of growth and higher living standards. It cultivates economic development and supportive organisations, both needed in the long term to deal with the global environment. Others view globalisation’s effect as detrimental, as a phenomenon reducing the world into a swamp of environmental deterioration. It is speeding up the disastrous process of overexploitation of natural resources without regard for social justice or equality. These two strands of argument are both valid. Globalisation is characterised by multifaceted and div erse groups of overlying mechanisms. Unavoidably, there will be diverse and on occasion intersecting outcomes for the global environment. Despite the capabilities of globalisation toward economic integration it contributed to inequality leading to greater environmental effects like desertification, biodiversity, conservation of the ozone layer, and climate change. In general, pollution, depletion of the ozone layer,