Last Updated 10 Aug 2020

Economic in China

Category economics
Essay type Research
Words 240 (1 page)
Views 120

HID 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 HID 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. Global warming has been a controversial subject for decades. It is inevitable for an economy that wishes to grow in the short term as efficient, non-renewable resources emit greenhouse gases whereas, in the long term, it poses a threat to 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 global warming has increased the size and frequency of hurricanes. The Strain hurricane in 2005 may be used as a justification for this statement; it caused $125 billion worth damage in the US.

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Consequently, the GAP 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 sustainable development. Huge gaps between the rich and the poor.

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Economic in China. (2018, Mar 06). Retrieved from https://phdessay.com/economic-in-china/

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