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  Increasing and developing economic growth is a key focus of many governments. In fulfilling these economic goals, many countries have debated whether or not the environment should be taken into consideration. I believe that in order to sustain a prolonged period of economic growth and development, governments should promote policies of environmental sustainability.

  A problem that many developed nations face now, is that many of their factories are several decades old and are no longer able to produce at the same rate as newer factories. Not only are their machines outdated and inefficient, but they also require huge amounts of energy and resources. Consequently these factories are not financially or environmentally sustainable. Converting and updating these factories is costly and time consuming, creating a challenge for developed countries who wish to remain competitive in the global market. Therefore, building factories and developing technology that are environmentally sustainable from this start is in the better interest of the long-term success of an economy. Even though the initial costs might be higher than building a traditional, non-environmentally friendly factory, in the long run it is better business to implement environmental policies now than later.

  Not only would the government enforcing eco-friendly regulations promote the financial sustainability of the national industry, but it would also create more overall stability in other sectors of economy. When governments neglect to enforce environmental regulations on industries and businesses, pollution and other environmental hazards increase and negatively affect the overall health of the population. A factory that dumps toxic waste into the surrounding regions main water supply will cause disease and other health defects of the hundreds of thousands of citizens living in the area. As a result, the local and national healthcare system is burdened with a large percentage of patients with serious health issues, stretching the resources and funding of a very expensive social program. If the government had enforced one simple law, it would not have to spend millions of dollars in healthcare and it could have spent the money on further developing the economy.

  In addition, economists all agree that green energy and green technology is a burgeoning market that has not yet been tapped by many developed countries, such as the US. A developing country that wants to gain a competitive edge in the global economy would be wise to get ahead of the competition and invest before the other developed countries come to their senses. Governments who want to give their countries a competitive edge should not ignore environmental sustainability.

  While developing an economy and industry based on environmental principles can be slower and initially more expensive than the traditional and unsustainable method of industrial development, in the long run a government who enforces environmental sustainability will establish a financially sustainable economy, a healthier and more stable social structure, and a more innovative and competitive economy.

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