Most countries want to improve the standard of living through economic development,however, others think social value is lost as a result. Do you think the advantages of economic development outweigh the disadvantages?

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Many believe that in the race to improve living standards, people are forgetting social values.
However
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, in my perspective,
this
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tendency obviously offers more demerits than merits. On the one hand, governments often try to
increase
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the
growth
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rate
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because it will have various
advantages
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.
Firstly
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, ​​​​​​economic
growth
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means an
increase
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in real GDP-
this
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leads to output and higher average incomes. higher GDP implies the economy is producing more goods and services and
therefore
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consumers can enjoy more goods and services. If human welfare is linked to consumption
then
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growth
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will benefit society. Higher levels of consumption will help to reduce any incidence of absolute poverty when people can’t meet the basic necessities of life.
This
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may not be so obvious for developed countries, like the UK and US, but for developing economies, economic
growth
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and rising incomes play a big role in lifting people out of poverty.
Secondly
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, higher economic
growth
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will
also
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lead to an
increase
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in demand for labour as firms will be producing more.
Therefore
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unemployment will fall,
this
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has various
advantages
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such
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as lower government spending on benefits and fewer social problems. If the economy is in recession,
then
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increasing the
rate
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of economic
growth
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will be an important step in reducing unemployment.
On the other hand
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, I am of the opinion that the aforementioned
advantages
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are at the expense of greater drawbacks.
Firstly
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, if economic
growth
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is unsustainable and is higher than the long-run trend
rate
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inflation is likely to occur.
Furthermore
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,
this
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temporary boom in output is unlikely to continue and may be followed by an economic downturn or recession.
Thus
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, it can be very damaging to
increase
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the
rate
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of economic
growth
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above the sustainable
rate
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.
This
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boom and bust cycle happened in the UK in the late 1980s and early 1990s.
Secondly
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, economic
growth
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often leads to increased inequality because
growth
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benefits the richer most because they own assets and have the best-paid jobs.
For example
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, Thomas Piketty observed that, without sufficient policies of redistribution, the wealthy tend to
increase
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their wealth at a faster
rate
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than economic
growth
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– because they can reinvest their dividends. In conclusion, it seems to me that the disadvantages of improving the economy are more considerable than its
advantages
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.
Submitted by jakedth162 on

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Include an introduction and conclusion

A conclusion is essential for IELTS writing task 2. It is more important than most people realise. You will be penalised for missing a conclusion in your IELTS essay.

The easiest paragraph to write in an essay is the conclusion paragraph. This is because the paragraph mostly contains information that has already been presented in the essay – it is just the repetition of some information written in the introduction paragraph and supporting paragraphs.

The conclusion paragraph only has 3 sentences:

  • Summary
  • Restatement of thesis
  • Prediction or recommendation

Example:

To summarize, a robotic teacher does not have the necessary disciple to properly give instructions to students and actually works to retard the ability of a student to comprehend new lessons. Therefore, it is clear that the idea of running a classroom completely by a machine cannot be supported. After thorough analysis on this subject, it is predicted that the adverse effects of the debate over technology-driven teaching will always be greater than the positive effects, and because of this, classroom teachers will never be substituted for technology.

Start your conclusion with a linking phrase. Here are some examples:

  • In conclusion
  • To conclude
  • To summarize
  • Finally
  • In a nutshell
  • In general

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