The inception of economic development in any country is the first step of becoming a developed country. Many nations are determined to promote economic development in order to enhance the quality of life of their citizens. It is obvious that the change in the quality of life means a change in social values, however, the advantages of economic development supersede the demerits of it. Many countries have relaxed the foreign investment norms in order to improve the economic status of the country, however, this has resulted in the loss of some social values due to improved physical infrastructure.