Peace prize winner "Muhannad Yunus"

Muhannad Yunus, the new Nobel Peace Prize winner, use the concept of microcredit to provided loans which help poor people avoid poverty by starting small businesses. According to Paul Watson and Nurul Alam in they article” Peace Prize Winner Sees Every Cent as a Seed”, stated the microcredit means that “allows the very poor, who don't qualify for traditional loans, to borrow as little as a few dollars without collateral.” In other words, microcredit breaks down the conventional banking rules to loans the money to the poor and help they escape from poverty. In fact, the poor nations are use to some economic strategies for get away poverty quickly. As a result, nearly halt of all consumers in the world now are in poor developing countries such as China and India. At the same time, the expanded consumerism of the world cause some issues and arguments especially on economy and environment. Some people seem to say that expanded consumerism is contribute to solution of poverty while others tend to think that it is serious add to the problem of world. In my opinion, I think the effect of expanded consumerism is helpful to the economy of world, but it is also threaten to the environment if we disregard the situation in expanded consumerism consequence. Although expanded consumerism improves the health statement, education levels and social conditions, I think it serious effect on environment and natural recourses. The expanded consumerism destroys the environment and natural recourses by serious pollution. For example, some new technology bring with toxic material during processing of manufacture.
In conclusion, the expanded consumerism is double faced, one promising and the other threatening. Based on the argument of above-mentioned, the negative effects of expanded consumerism seem to outweigh the positive effects of globalization. Up to the present expanded consumerism was still threatening the entire world, particularly on the environmental problem, abusing natural resources. Therefore, we should pick out the danger of expanded consumerism. The bad effects of expanded consumerism can be removed in a number of ways. First, we should establish a supranational monitoring organization to dominate the situation of expanded consumerism in moderation. Second, we should teach the people about how to protect the Earth and how to economize on resources. Finally, we should use recycling and natural energy to avoid pollution. Thus economy and environment will approach to win- win situation.
Referance:
Watson, P. & Alam, N. (2006, October 14) Peace prize winner sees every cent as a seed. Times research. Retrieved October, 28, 2006, form http://www.latimes.com

Knickerbocker, B. (2004). If poor get richer, does world see progress? The Christian Science Monitor. Retrieved October, 28, 2006, form http:// www.csmonitor.com