21st century has seen a remarkable global economic growth. A lot of countries aiming at economic advancement to raise the living standard of their citizens. Few intellects believe that important social values are lost because of
this
. I firmly state that the merits of economic development outweigh the demerits. In
this
essay advantages and disadvantages will be discussed and a reasonable conclusion will be drawn.
To commence with, Two of the prime benefits of economic evolution will be high per capita
income
and better infrastructure.
Firstly
, due to
this
improvement, there will be an increase in the wage of individuals, with
this
salary can help them to afford
life
comforting things like
air
conditions, heaters, cars, etcetera.
For instance
, people in developed countries higher living standard because their average household
income
is 50% higher than the
income
of households in developing nations.
Secondly
,
as a result
of economic progress, people can enjoy improved infrastructure.
This
framework will alleviate the difficulties of daily
life
for example
superior roads and high quality of healthcare system. To exemplify, people in economically developed nations have higher
life
expectancy because of their exceptional healthcare system.
Therefore
, high per capita
income
and better infrastructure will be the most significant effects of economic progress.
On the other hand
, everything comes with a cost and deforestation and
pollution
will be the cost of
this
economic growth.
Firstly
, to make malls, hotels and other buildings a lot of forest area will be consumed.
This
may hamper the natural habitat of many natural species eventually disrupting the biodiversity of the nation. For illustration, every year 10% of the forest area is occupied globally in order to construct the base required for economic development.
Secondly
, due to densely populated urban areas, there will be a rise in
air
pollution
because the vehicles will be used extensively.
This
rise in
pollution
will lower the
air
quality which will welcome numerous health issues.
For example
, the people in the developed nation have weaker lungs as compared to the people in developing nation cause they inhale a lower quality of
air
.
Thus
, deforestation and
pollution
will the detrimental effects of economic growth.
In summary, In my opinion, if the
pollution
and deforestation are kept in check
then
people can enjoy the benefits of higher
income
and comfortable
life
. Irrefutably, the advantages outweigh the disadvantages of economic development.
