Explain the term 'affluence trap'

indian-economy
cbse

#1

Affluence means economic well being. Trap is something in which we get caught and we can not escape out of it. Affluence trap means environmental degradation trap. With affluence or economic well being more natural resources are used up causing environmental problems. In the rich countries of the developed world, the high level of consumption associated with the high level of income is using up natural resources at a fast pace; As a consequence, these countries are getting trapped into a situation of severe environmental degradation.