The human race is caught in the spiral of development that is using up the available but finite resources, and damaging the ecological balance by releasing pollutants and junk into the environment.The industrial revolution of the 19th century, de-colonisation and democratisation of the 20th century, and the revolutionary development of the information and communication technologies (ICT) since the 1980s have been the successive causes for worldwide change in the demand-supply dynamics. Living standards in the developed nations of the west, Europe and Japan have improved significantly over the years, a fact that was being increasing noted around the world. Lifestyle in many developed countries has changed from frugal need-based spending to rampant use-and-throw style consumerism, aggressively promoted by the trade and industry, with resultant resource depletion and environmental pollution. In this background, advent of ICT, together with the policies of globalisation and liberalisation, gave fillip to economic growth and prosperity in the populous but underdeveloped countries of Asia, Latin America and other nations, thus spurring further demand. In the face of such trends, the predicted limits to growth as a result of resource exhaustion may well be reached, unless global efforts to promote responsible growth succeed.Throughout the 20th century each additional billion has been achieved in a shorter period of time. Human population entered the 20th century with 1.6 billion people and left the century with 6.1 billion…The overall effects of this growth on living standards, resource use, and the environment will continue to change the world landscape long after.According to Groningen Growth and Development Centre (2012), the per capita GDP (world average) grew from USD 2111 in 1950 to USD 7614 in 2008. The World Bank (2012) also reported that per capita gross national income grew from USD 5608 in 2003 to USD 9491 in 2011 (GNI Atlas Method) and that the household consumption per capita grew from USD 2824 to USD 3713 during the period 1983 – 2010, measured at constant USD of 2000. This data set clearly establishes the trend of growing national incomes and household consumption, which when coupled with the data on population growth, the increasing use of natural resources becomes evident.Water, clean air and fossil fuels are the more critical natural resources of limited availability, to which land can also be added. The production, distribution
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