Many countries aim to improve their living standard by economic development, but some important social values are lost as a result. Do you think the advantages of economic development outweigh the disadvantages?

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In recent times, many countries strive for economic
development
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to raise their living standard. As a consequence, some important social values are left behind. In my opinion, the advantages of economic advancements come before the drawbacks. It is clear that
development
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of the economy significantly improves the standard of life. Economic growth creates more jobs and reduces the proportion of unemployed, so employee’s life can get better.
For example
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, when the garment companies are established, they hire thousands of workers. The women that have not never had a stable job before now earn a regular salary of about 5-7 million VND per month.
Besides
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that, the social services of health care and education are enhanced by abundant tax revenues of the Government.
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, there are improvements in Vietnam now
such
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as free treatment for children under six years of age and free a part of the drug cost for cancer patients. It is seen that when the economy grows, rapidly infrastructure and transportation
development
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are too. So people's travel will be convenient and fast.
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, air travel is becoming more and more popular in Vietnam due to the expansion of airports, affordable fares, and satisfactory services. Admittedly, there are a few downsides to placing too much importance on economic growth. People tend to spend less time with their family and children.
As a result
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, children that parent's education is left behind are often psychological instability because of the impact of the external environment.
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, it is found that the percentage of minors who violate the law is increasing.
Otherwise
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, economic
development
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also
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causes negative impacts on the living environment
such
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as air pollution, epidemics. In conclusion, the country needs to work towards economic growth to bring advantages for its nationals.
However
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, core social values are an important element of a sustainable economy.

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Topic Vocabulary:
  • standard of living
  • economic development
  • quality of life
  • infrastructure
  • healthcare
  • education
  • job opportunities
  • unemployment
  • poverty
  • technological advancements
  • innovation
  • traditional cultural values
  • social bonds
  • material wealth
  • consumerism
  • social inequality
  • environmental conservation
  • wealth gap
  • vulnerable groups
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