Most countries want to improve the standard of living through economic development, however, others think the social value is lost as a result. Do you think the advantages of economic development outweigh the disadvantages?
Economic development is essential for any country because the economic condition of a country will leave a very heavy impact on the daily routines of the citizens of that country. The economic development is directly linked to the better living standards of the people of the country. If any country wants to provide a better living standard to the citizens and wants to provide essential needs of living (i.e. food, clothes and shelter) to every citizen, a country should be capable and have strong economic development.
If economic development is up to the mark, the living standards would be improved automatically. Through stable economic conditions job opportunities will be created, circulation of money in the market will take place in a suitable manner. I think if any country puts all the focus to improve the standard of living through economic development, citizens of that country will have to work hard and have to spend most of their time in their work and as a result, the social value and social life of the people will cut off. Because economic stability comes in result of impressive hard work and one should sacrifice something in order to earn another thing.
I personally believe that economic development is the best and most appropriate option for good living standards and the advantages of that development always outweigh the disadvantages. Economically developed nations do not suffer from social moral and social bonding. Rather, it is deteriorating in countries where economic development is yet to achieve.
In conclusion, economic development is the most important part of a nation’s progress and it does not mean that the development will degrade the social values.
It is perceived by most countries that by developing their economy, the living standard of their people could be improved, but there are those who believe that economic growth could result in loss of social values. It is certainly true that countries with developed economies have improved their people's lives because of their advanced standard of public services such as health and education. Improved health care can improve the quality of life through treating diseases and increasing people's life expectancy. Also, increased educational standards can give the population a greater diversity of skills and literacy. This enables greater opportunity and freedom. In my knowledge, I have learned that education is seen as an important development of welfare and happiness. However, while we can obviously see the benefits of a developed economy, there are other people who perceive that this could lead to losing of social values. It means that with higher economic growth, this may result in longer hours of work. Then working parents would not have enough quality time to spend with their children. Hence, children will tend to emulate their bad influence peers and eventually involve to an antisocial activity or juvenile delinquency, for instance, the unguided young teenagers, mainly African and Caribbean Americans in New York City in the 20th century. In conclusion, I certainly believe that through developing national economy, it will give people a better quality of life. Although it could affect families negatively, this would be just a little impact compared to the many benefits it could give to its society in terms of health and educational services.
Economic development has undoubtedly improved the standard of living in many countries, yet it is often claimed to cause the erosion of certain social values. In my opinion, while there are notable advantages to this situation, they are outweighed by the drawbacks.
There are certain reasons to justify the gains of this development. Firstly, a better quality of life powered by economic growth can encourage people to leave behind social values that are considered archaic or discriminatory . Improved economic conditions, for instance, have proven to universalize educational opportunities, enabling women and girls to learn alongside men, which was hardly possible in pre-industrial societies due to the scarcity of resources. Furthermore, a loss of certain social values might be compensated by higher economic stability and social mobility, all of which are fundamental indicators of happiness. By having financial security and clear opportunities for advancement thanks to economic progress, people could lift themselves out of poverty, and become fulfilled without holding on to intangible values.
The drawbacks of such a situation are substantial and often weightier than the advantages, however. As societies become wealthier, there is often a shift towards individualism and materialism , which can weaken family bonds and community cohesion. The pursuit of career success and financial gain, for example, can lead to people spending less time with their families, thereby diminishing the importance of familial relationships. Economic development, furthermore, powers rapid urbanization, which can erode traditional cultural icons and values alike. As cities expand, increasingly more people migrate to them in search of better opportunities, which might lead to historical sites being replaced with modern infrastructure. A loss of cultural identity, thus, is likely to happen, as local people may feel as though they were in a foreign land.
In conclusion, while economic growth is capable of propelling living standards, I believe that the disadvantages from the erosion of some social values clearly overshadow the benefits. To avoid undermining the stability of communities, governments and communities should strive to preserve the cultural heritage and unity besides development.
A great number of nations across the world are endeavouring to achieve growth of their economies to make people’s lives better. However, certain social values disappear in the course of development. My opinion is that this situation results in more drawbacks than benefits.
The major downside is that the environment will be degraded. Manufacturers are profit-oriented and make all efforts to produce more and reduce operational costs, which leads to their lack of social responsibility. What they do is that they keep discharging unprocessed wastewater into waterways, such as rivers, lakes, and oceans, and emitting large quantities of poisonous gases to pollute the air.
Another disadvantage is that people become too self-centred and unkind. The world has been altered to a place where money is highly valued. Many people focus on earning money, showing less sympathy and seldom giving a hand to those in need of help. For instance, some rich company owners believe that they are superior to others. They do not care about their employees’ well-being but exploit them by getting them to work longer.
However, the advantages cannot be ignored, one of which is that people’s quality of life is guaranteed. Taxes paid by individuals and businesses are a stable source of government revenue, making it possible for the construction of infrastructure, including roads, bridges and airports. Also, more money can be invested in science and technology so that diseases can be prevented and radically cured, and people's everyday life can become much easier.
In conclusion, I believe that there are more challenges arising from losing social values owing to economic advancement than benefits. Although people can enjoy a high standard of living, environmental issues and people being unsympathetic appear. Therefore, it is recommended that programmes using the media and school education be developed to mitigate the adverse impact on social values.
The pursuit of economic progress often comes at the expense of certain social values. In my opinion, though economic development undeniably engenders numerous benefits, it is key to prioritize tradition.
There are several undeniable advantages to flourishing economic conditions. Firstly, it creates job opportunities and improves the employment rate, leading to reduced poverty levels and enhanced living standards. For example, in countries like China and India, rapid economic growth has lifted millions out of poverty through industries such as manufacturing and tourism services. Economic growth results in increased tax revenue, which can be allocated towards public services such as healthcare, education, and infrastructure development. In developing nations, these improvements create a sustainable cycle that can lead to improved overall societal well-being.
However, economic prioritization can sometimes harm social values. In the race for rapid growth, societies may witness a decline in traditions, cultural heritage, and community cohesion. For instance, the rise of consumerism and material wealth in marginalized communities such as on Native American reservations in the United States often leads to the erosion of cultural practices and traditions as people value material possessions over cultural preservation. Additionally, the focus on personal success and material gain may overshadow the importance of human relationships, leading to a decline in social interaction and a rise in individualistic attitudes. This ultimately widens economic inequalities as certain groups benefit disproportionately from development, exacerbating social divisions and creating social unrest.
In conclusion, although economic development is undoubtedly advantageous, it is crucial to recognize that social values are more important. Governments and societies must take proactive measures to balance economic growth and the preservation of cultural heritage, community values, and social well-being.
Services provided for everyone, such as health care, education and transport.
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Economic growth results in increased tax revenue, which can be allocated towards public services such as healthcare, education, and infrastructure development.
Money the government receives from taxes paid by people and businesses.
From the essay
Economic growth results in increased tax revenue, which can be allocated towards public services such as healthcare, education, and infrastructure development.
People talking, spending time together and doing things with one another.
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Additionally, the focus on personal success and material gain may overshadow the importance of human relationships, leading to a decline in social interaction and a rise in individualistic attitudes.
The duty to consider how your actions affect other people and society.
From the essay
Manufacturers are profit-oriented and make all efforts to produce more and reduce operational costs, which leads to their lack of social responsibility.
