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?

In the

last

decade, many countries have been focusing on economic

development

, as they believe it is the way forward to improve the living conditions for their citizens.

However

, due to

this

social values get eroded. I feel, there are more advantages to economic

development

than disadvantages which I will substantiate in

this

essay.

First

and foremost, economic

development

is something that will benefit every single native. With the advancement of technology and the internet, it is impractical for a nation to sit back and not wish to capitalise in

this

area.

This

sort of

development

will help persuade multi-national companies to choose to set up their headquarters in a particular city, thereby help increase the number of jobs in that locality. In turn,

this

rise in jobs will help increase the spending power of the people and

this

cycle will continue, and over time lead to more advancements.

For example

, in Trivandrum major car companies

such

as Ford, Nissan, Jeep, Honda, and even Toyota have decided to set up a showroom. Alternately, the disadvantages of

this

are mainly that nationals end up working extremely long hours for the betterment of the company. The drawback here is that they lose precious family time which will create a disconnect between parents and children.

This

is worsened by the fact because of the increase in prices of basic commodities, it is only practical for both parents to work to meet the demands of the extra expenses. Because of

this

disconnect, children become agitated and less responsive to their parents, which if left unchecked can lead to disastrous results. In conclusion, I feel that economic

development

is necessary from a kingdom's standpoint,

however

, it can

also

have its drawbacks.