Global Economic Transformation And Its Effect On Human...

This research examines the global economic transformation immediately following the Industrial Revolution and its relationship with the ever-widening economic, social, and political gaps of the world today. The consequence of industrialization have manifested itself in the form of environmental degradation, ecological extinction, and sea level changes. Even though the reality of global climate change has been a heated topic of political debate, air and water pollution and their adverse effects on human health is a solid fact. Therefore, an exploration into the possibility of global sustenance through sustainable development models will allow us to account for the true environmental and social cost of production and consumption. From the many technological developments between 1750 to 1850, the world witnessed an industrial boom along with unchecked economic growth under a relatively laissez faire economy. In time, this economy went through a spiral of what is best concluded as the theory of immiseration, where the wealthy became wealthier and the underprivileged became even more underprivileged. Since then, the spiral never ceased its operation, and we see an increasing economic disparity between the First and Third Worlds. As a result, we propose sustainable development as a remedy to global inequality and an ever-widening economic gap caused by the socially-irresponsible processes of industrialization. Sustainable Development as a Remedy to Global InequalityShow MoreRelatedThe Transformation Of Societies Into Industrialized Nations872 Words   |  4 PagesIntroduction The transformation of societies into industrialized nations impairs not only human health but also the environment. Industries generated toxic waste, as a by-product of the manufacturing process, and their solution was to expel these pollutants, contaminating the surrounding environment. 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