There is no longer enough natural resources to sustain current levels of economic growth. To what extent do you agree or disagree with this statement? - Ielts Essay

There is no longer enough natural resources to sustain current levels of economic growth. To what extent do you agree or disagree with this statement?- Ielts Essay

As development proliferates to different corners of globe, extraction of natural resources has accelerated rapidly. This has generated a great concern among global economic scientists about depleting reserves and their impact on maintaining the tempo of growth in coming years. Although some feel quite contrary to this and feel that humanity will be able to fare better even in absence of natural reserves. 

All economic components and venues need consistent supply of material at fairly stable prices to fuel growth. Lack of availability of natural resources will trigger a crisis and it will become harder to procure much required minerals at sustainable price level. This will undermine progress and growth prospects in coming times.

Besides price levels offsetting development, minerals like fossil fuels are elementary requirements of any country on the roll and everything will come to a stand still, once supply falls short of demand. This unavailability of critical and vital components will hamper growth prospects as currently we are completely dependent on materials like Oil and iron ore etc.

Quite contrary to this popular belief, a section is quite positive and feels that new technology which is being developed over the years will be able to compensate for lack of availability of natural minerals. As per them the most prominent among the latest developments is recycling of old used and redundant commodities. This has ushered us into new age and can considerably reduce our reliance on nature’s gifts. If we learn to implement the recycling concept properly, this will detach growth factor from the natural resource element.

In my opinion although natural materials are critical to maintain the growth pattern but with the innovation of new technology we will be able to perform better and maintain our pace of growth.