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Home Politics

Effects Chemical Industries have on our Economy

compassionate-brown by compassionate-brown
August 20, 2021
in Politics
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Chemical Industry and Economy
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One must acknowledge the existence of science in every aspect of their lives, or rather, science is what makes up almost everything there is to it. Educational systems around the globe have been implemented with the learnings and studies of science as it is crucial for the new generations to be informed and educated on the matter. Fundamental topics such as biology, physics, and chemistry are the ones most commonly taught in early levels of learning institutions, covering basic information of what there is to know about science and how it relates to the real world. 

When talking about chemistry, the perception that is common among people about the topic is that it is always associated with dangerous, harmful substances like toxic chemicals or anything that is explosive. While certain chemicals can indeed bring danger to us, most of the things that we use around us have, or are made out of, various chemicals. Those chemicals are usually safe to incorporate in everyday products however, there are some chemicals that are still being researched on in terms of safety for use. This is because scientists are constantly carrying out tests on various chemicals to see the side effects of said chemicals onto consumers and to see whether there will be any negative side effects or not. 

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Chemical Industry and Economy

Despite some harmful chemicals still being incorporated into everyday products, the chemical industry will always be one of the major global economic contributors. This is because almost everything that we use ranging from automobiles to even pharmaceuticals, has a link with chemicals in one way or the other. We even use chemicals to alter the properties of certain foods to enhance the quality. This makes chemical industries some sort of necessity in our economy. Thus statistically, the chemical industries can be considered having the highest values in terms of earnings because of that. Construction works also turn to chemical manufacturer in Malaysia for their supplies of cement additives or wall and floor coatings.

Since it is already a major contributor in terms of materials, this also leads to them needing more and more employees. Thus, this can help with unemployment issues in Malaysia as well as slowly abolish poverty. How this helps is that when they need more factory workers who don’t have that much experience, they can simply employ people who are in need of an income to train them and take them in full-time. Hence, this can help those in need and slowly decrease percentages of poverty living in Malaysia. Even with students who’ve graduated but have yet to be employed, they can still somehow get employment in the chemical industry since it has more departments than the ones that require experience.

Chemical Industry and Economy

As mentioned before, chemicals are considered something that are crucial for the makings of a multitude of products, thus turning the industry into a successful business platform for the nation. That in turn has made the industry itself into a major trading resource as it is commonly high in demand by other manufacturing industries, and since trading is already an important thing done in our country, this only marks up the value of chemical manufacturers in Malaysia. Following that, not only does the value of chemical industries buck up, this helps Malaysia build a sort of positive political rapport with other countries, hence ranking us up economically. Plus, when a product is being traded actively, we can also increase the value of said product to increase earnings even more.

All in all, the chemical industry does indeed benefit the economy of our nation to a great extent. It becomes an important part of other manufacturing industries as it supplies them with chemicals and materials in their production, while making contributions for the nation’s economy. We’ve established that chemical industries are economically beneficial however, it can affect the environment quite negatively when done without care. This means when a certain chemical is not tested properly, handled irresponsibly, or even disposed of recklessly. It will eventually start affecting the financials of the nation, having to compensate after the recklessness of the industries. However this can all be avoided when industries take proper care and go through extra precautions to ensure the system within the industry goes efficiently.

Tags: chemical industryEconomyperceptiontrading
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