Growing the green Economy – Globally
Concept by “Hazel Henderson”
Written by “Faraz Muneer”
Introduction
As to grow green economy we must shift unsustainable form of
economy into a sustainable form by applying global strategies. We have to
focus, the investment which are beneficial for economic world globally and put
forward an attention in an investment in a particular area such as private
sector, public sector and to build a capital, financial resources which are
needed for filament the economic world towards the quality of life.
In our age
everyone talks about GREEN ECONOMY. President Obama has prepared the green
economy as a support of his supervision.
There is a great dilemma faced for settling down the real
meaning of what green economy is? These methods have provided the precise
direction of the growth and size of green economy that how to measure the green
economy? And who decides it?
Jeff Fielder, a famous atmospheric researcher talks about
global warming and believe that waiting to understand the global warming
phenomenon will cost us a lot.
“GREEN ECONOMY” is an economy that has no false effects on nature i.e.
water, climate, air and etc. it is becoming famous day by day world wide in
companies and domestic government. Companies are implementing the plans to save
the environment. These plans are based on sustainable development.
After industrial revolution growth of economy was associated
with every kind of material or energy available on earth (i.e.) jeopardizing
the environment. Economists and ecologists are deeply concerned about the
direction this sustainable development is leading to. According to the World
Bank report even though 95 percent of economists talk of a green economy hardly
10 percent of them are working on it.
According to Pauline Go “an environmentalist industrial
revolution has turned earth ecology and also turned relations between humans
and environment”. On the other hand this development has led to over use of
natural resources resulting in shortage of many resources.
This dramatic change has also affected Mother Nature
depleting resources, atmosphere, climate and biodiversities. We should look
forward to a plan that has least false impacts on the ecological system.
In my opinion industrial revolution led to a path of
unsustainable development.
For the folurishment of green economy we have to decrease the
effect of global warming and as a result new sectors of economical environment
has been made. For example solar project, wind projects, bio fuel projects and
tidal project which are being funded by the private sectors also government
sector. As these resources are renewable so the next generation will keep
benefiting form them.
These developments has driven the price of oil and price of
dollars etc. by converting from fossil fuel the renewable fuel will also fulfill
the “UN MILLINEUM DEVELOPMENT GOALS”, and this will increase proper global
growth.
Now-a-days privatization and innovate technological changes
foster and global economic policies and economic model will run according to
that process.
ADAM SMITHS work “AN INQUIRY INTO THE NATURE AND CAUSES OF
THE WEALTH OF NATION” in which he describes about the co-relation in between
the public goods and of the growth of economy.
Previously economist based on the theory of ADAM SMITH on
account of industrial revolution but also they based on the theory of CHARLES
DARWIN.
POLANYI in 1945 “THE GREAT TRANSFOARMATION “and other
socialist argue that “there is an inadequate division of land, income and
wealth which reduce the economic growth and foster in negative direction and
their benefits are unpredictable”. Such depend of these benefits have cut the
driven growth of economy. A corporation role in the environment is
unpredictable in the economic model. Corporation allows taxes and modern
infrastructure in the nation for development.
CHARLES DARWIN also commented that “for a successful and
innovative evolution in the economic world the bonding and sympathetic nature
are become the essential factor (LOYE 2000)”
Tainter (1988) argues that “in our history people living
standards are obvious and they do not believe in human capacities”.
So, we must renovate our system for the progress and
development of our human society .we must cut out the route of ancient human
fear / scarcity. It now becomes the important objective of over generation for
providing the free and peaceful environment for coming generation.
In deed , if we far behind such of these non – dysfunctional
from of source , so we would be able to control over such factors which cause destructive
economics and we are stand beyond the great depression.
A famous saying that the fear is creating are own but
actually it does not exist , so reduce such fear and provide peaceful and
develop nation in the economic world .
However the human being have move forward towards success
through adopting the UN MILLINUM goal, adequate distribution and sustainable
societies for human being for rejecting those improper function of dogmas who
now have the super power in respect of globally public opinion.
Kuhn (1962) said that dysfunctional dogmas are now being
cancelled. “STRUCTURE OF SCIENTIFIC REVOLUTIONS” So today entire economic environment is about development
model of “WASHINGTON CONSENSUS” Many believers comment that these new policies
not only reveal flaws of the nature of humans but also being set such of
dysfunctional dogmas. These human societies which include Human Corporation,
bonding and sympathy nature for others, these models make us able to make our
decisions and public policies. The money creations have been the greater flaw
of barter in early market but now money provided one way of information in
barter electronic transaction.
Rational human nature such as self interest on individual
basis in competitive environment and unemployment rate follow the theories
related to “Washington formula “ in which trade policy, privatization, currency
floatation and policies related to the exports are included.
Afterwards US FEDERAL RESERVE implemented such of these
policies and also CENTRAL BANK searching out the economic model because of
progressive development over societies. “Monitory system and creation of money
are now being understandable as economically but not scientifically (LEILAER,
2001).”
Such unaccomplished policy establishes a serious decline in
economic environment in which “the world bank, central bank, international
monitory fund and currency / stock exchange” are included. British government
under the supervision of Tony Blair conceded this independency of England bank
for labor.
Altman (2004) “In the USA, they have followed the attributes
of new conservatives”. Now the economic model that targeted the unemployment
and decline of growth of economy are considered the basis of financial crisis
in economic world. The economists and financialists criticized by their
arguments that the use of economic model, natural science of discoveries of
Charles and Darwin evolved the standard of principal of science. So many
arguments have found such of these theories which include the main informal
question.
“Why education is considered as a
cost item and why not to be considered as investment?”
During 1969, the Sweden bank has allocated the price in
regards of scientific researchers and also in the discipline of profession of
economic and the name of prize is given as “In the memory of Alford Nobel” so
Sweden bank, in the year of 1969, rewarded many awards to the us economy and in
this regards people stated that “these price which are give are totally
opposition as for the subject of Alford Nobel”. This will show that it is
considered in the mean to create money while contrary the prize distribution
have expend to research by profit, person satisfaction, and the news of this
prize distribution will spared world wide.
We are entering in the “AGE OF LIGHT” in which new
innovations, new technology and have introduce and which recalled “the age of
progress”, in which economy is accelerating day by day and due to which as from
the one side we are moving foster towards the green economy and development of
green economy globally, and the contrast, and the other hand we are also
entering in the era where due to these innovations the competition is
increasing day after day and human being got stuck to move forward one after
other and this situation create negative impact in the economical world as well
as do create a serious influence in regards of progress.
Schumpeter (1942-1947) great economist that describes such of
these methods as “creative distraction” For the production of green economy globally… the national
assets also to be considered as a growing factor, The national assets such as infrastructure,
health facility, savage system, schools, colleges, to focus such assets so it
also is able to grow economy.
At Rio de Janerio, in 1992, in the conference known as “the
earth summit” in which they focus that GDP and GNP which are the national
accounts must use by 170 governments. Those statisticians are also show that
they are the quality of life. So after that many of the country should focus
upon these national assets in order to improve their way of living and also
that would be beneficial for green economy. Many of the countries in economic
world have account such an assets an now in-a-days should be considered in a
developing countries.
Now we are in a informative age where the question arises
that where the investment take place? And how does the investment make more
beneficial to give the best output. So after studies report shows that i.e.
“wealth of nation” by Adam Smith and the bank, that human capital comprises around
60% of wealth and in the ecological factor that comprises around 20% and rest
of 20% are represented by build of capital and financial resources, in which
monitory assets and factories would be considered and they would continue from
about 50 years but after focusing the investment, to make it beneficial, it is
now evolved that to shift the investment criteria towards the human capital
i.e. 60% which is consider as education and health factor and assume that it
will give thus output.
So, bank and other landing institutions such as IMF and WTO
etc, has not only focus to invest it on national assets but also giving focus
on investment , and the education, and health sector to as to maintain the 60%
of nation wealth. Brazil makes a greater help to the IMF to reconstruct their
GDP and GNP account in order to block the investment in that particular area
that do invest in human capital in order to achieve good capital gain. So IMF
not only give appear investment in the infrastructure but also do investment in
education and health sector, the USNA that is “UNITED NATION SYSTEM OF NATIONAL
ACCOUNTS” and the world bank late also create a serious correction in their
accounts and make an addition to invest in education and public health sector
which are being neglecting for many years in being a serious issue to be
focus.
Hazel Henderson said
that “even neoconservative economic agreed that education is consider to be a
public good and in the jargon of economy it is a positive externalize”, in
which se describe that to invest in those activities equal in order to whole
the best return of investment that invest privately. Hazel Henderson also
stated that “economic must know the difference between the market rule by
common and competition”.
Professional and majority of citizen have given a support on
the equal basis of tax for saving the future of their children. In new research
it is likely to be given sponsorship to media department which might be illegal
by rule.
In this century we are in the era of economical change are
accelerating in which no one predict that how these changes would beneficial
for us and where these goods run forward. As it is the best way of investment
in health and education sector, but is this a best? If there is some thing that
give a best result, so their must be some free rider to be consider which
create negative impact of that progress, which evolve to destroy the concept of
progress, in order to lack of knowledge and due to which create conflict in the
society. So as these investments which are account for the public health, and
education sector, will bring a great influence to grow green economy, where the
people become educated and unemployment being reduce, on the other hand the
poverty give some rationalist human to make benefits from it. They establish
“MADARSAS” and allow not only free education for the children but also give
some amount of money for their parents in order to best the mind of poor
people. So poor parents who have no knowledge they send their children in order
to get education to them and also due to the lust of money, where those
children got stuck in that human who show, taught about “the education of
Islam”, “the Jihad”,” suicidal martyrdom” to prepare for the murder of other in
name of Islam, which is going more dangerous for our society.
These rationalist people are spread world wide and play with
the life of humanitarian and also make to destroy the name of Islam. Such of
these types of people has no recognition but that be a serious issue to be focus
in now a days to protect, to provide a secure future of upcoming generation. We
must have to consider focusing the investment which is not only beneficial for
us, where as beneficial for the whole economic world. So the investment should
be adequate basis in the area of ecological factors, as well as human capital.
The mean of investment is not just investment but also have acknowledge about
the result, be aware about the facts and figures which gives best futuristic
approach to attain peaceful society and to grow green economy globally.
appreciable
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