Johnny Ch Lok

The Relationship Between Environment Pollution and Johnny Ch Lok

We need to know what economic recession means. Economic recession can be explained that a recession is a general downturn in any economy. A recession is associated with high unemployment, slowing gross domestic product, and high inflation. Economic recession is a period of general economic decline and is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. Generally, a recession is less severe than a depression. The blame for a recession generally falls on the federal leadership, often either the president himself, the head of the Federal Reserve, or the entire administration. An economic recession is typically defined as a decline in gross domestic product (GDP) for two or more consecutive quarters. GDP is the market value of all goods and services produced within a country in a given period of time. An example of one type of GDP would be the value of all the automobiles produced within the United States for one year. GDP only takes into account new products that have been manufactured. Therefore, if a pre-owned car lot were selling pre-owned cars, they would not be included in the GDP calculation. Furthermore, in both China and India's case, recent increases in manufacturing has affected their environment and economic variable changing is more frequently. These two countries are useful when observing the causation and correlation between carbon dioxide emissions and gross domestic product because of their recent and very dramatic economic development. China and India show the clearest relationship between these two variables, and could be predictions for many countries on the same economic and manufacturing industry development, like countries in Africa and southeast Asia. I shall attempt to give evidences to explain that when one country encounter serious environment pollution enviroment, it will bring further economic recession effect later in possible.