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.
