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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?

#countries #aim #development #values
Living
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The living
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 standard is one of the key attributes that
determines
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determine
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 the status of a nation.
Thus
, most countries strive to create
better
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a better
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 lifestyle for citizens by enhancing the economy,
however
, some cultural aspects are impacted in the process. I presume that the advantages of
higher
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a higher
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 economy overwhelm the sacrifices.
This
 essay will elucidate the necessity of business investments as well as the impact on society.
Flourishing
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A flourishing
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 economy
have
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has
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 several benefits for the nationalities.
First
 of all, better business conditions influence more local and foreign investments creating more job opportunities.
This
 imposes a decline in
unemployment
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the unemployment
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 rate which
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in turn
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inturn
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in turn
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 reduces the percentage of poverty.
Secondly
, higher national income is guaranteed from the tax money of business owners and employees.
This
 revenue can be used to facilitate the areas requiring enhancement and
of
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apply
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lack.
For example
, the government can invest in improving the education sector or providing more convenient methods of public transport
such
 as electric trains.
On the other hand
, a drawback from opening to investors is the loss
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of
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in valuable
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invaluable
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 resources.
For instance
, Myanmar, a developing country, permitted trading of natural resources
such
 as oil, woods and jade with international companies.
As a result
, after a certain period of exporting, the nation will be left deprived of them.
Hence
, some citizens believe that they are entitled to the benefits of those non-renewable products and are against the idea of selling them. To conclude, it is undeniable that there are certain negative impacts from economic improvements,
however
, it is small compared to the positive attributes. Personally, I believe that individuals get more gains than losses from
this
 phenomenon.
Submitted by chitsundi on

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