E.5.3 Evaluating Costs and Benefits (Evaluation)
Economic Growth vs. Ecological Damage and Social Disruption
The Balancing Act
In today's rapidly developing world, one of the most crucial challenges we face is balancing economic growth with environmental and social sustainability. Let's break this down into digestible pieces.
CalloutEconomic Benefits vs Environmental Costs
Economic Benefits
- Job creation and increased income levels
- Improved infrastructure and public services
- Enhanced technological innovation
- Better healthcare and education access
Environmental Costs
- Deforestation and habitat destruction
- Air and water pollution
- Soil degradation
- Loss of biodiversity
- Climate change impacts
- Benefits: Generates clean hydroelectric power for millions and controls flooding
- Costs: Displaced 1.3 million people and destroyed critical ecosystems
Social Impacts
Positive Impacts
- Higher standard of living
- Better access to education
- Improved healthcare facilities
- Enhanced social mobility
Negative Impacts
- Community displacement
- Cultural erosion
- Income inequality
- Health issues from pollution
Hosting Events vs Legacy Benefits
Initial Costs
Infrastructure Investment
- Stadium construction
- Transportation upgrades
- Accommodation facilities
- Security systems
Operational Costs
- Event management
- Security personnel
- Marketing and promotion
- Facility maintenance
