Economic Growth + Trade = Cleaner Environment
Thoughts on Earth Day from the American Enterprise Institute:
Steven Hayward: One thing that should be clear from the experience of the last 40 years is that the most significant environmental problems are in the developing world, and that economic growth is the key—not the enemy—of environmental improvement. For example, not a single American or European city ranks among the World Bank’s top 50 most polluted cities in the world.
Kenneth Green: If you care about the environment, you should observe this special day with a joyful spree of consumption, especially buying goods from people in poor countries. By engaging in trade with other countries, we help them grow wealthier, helping them to afford environmental protection, while we help ourselves by gaining access to goods and services that it might be impossible, or ruinously expensive, for us to manufacture ourselves.
The sooner people grow wealthy, the sooner the environment will benefit. Now, get shopping!