In recent time economic growth has made some people richer in both developed and developing countries. While studies show that people in developing countries are happier now than before, people in developed countries are no happier than they were before. Why do you think this is and what lessons can be learned from it?
There is no denying the fact that economic
growth
has improved the standard of living all over the world
. However
, growth
in global
Add an article
the global
economy
may mean different things to different people
. To the developing world
, recent growth
may be coupled with a rise in standards of living, and thus
seen as positive. To the already developed countries
, this
growth
brings with it increased global competitiveness, and is thus
seen as negative. Both sides will be analyzed in this
essay. The lesson we get from this
different perception towards development
of Add an article
the development
global
Correct article usage
the global
economy
shall also
be discussed.
For people
in the developing world
it means better opportunities for personal and professional Add a comma
,world
growth
. More and more people
in developing countries
such
as India and China now earn more than enough to lead comfortable lives. Now they have high disposable incomes that make it possible for them to lead luxurious lives. They can now buy the latest gadgets, travel to the most exotic places on earth and own luxury apartments and cars. Their children now get world
-class education and healthcare. None of these would have been possible if the economy
wasn't growing. Needless to say, for people
in the developing world
growth
in the economy
is a positive development.
On the other hand
, economic growth
has a different meaning for people
in the developed world
. Majority
of Correct article usage
The majority
people
in the developed world
already lead comfortable lives. They already possess disposable income and the recent growth
in the global economy
hasn't really done anything to further
improve their standard of living. What is more, they now face stiff competition from their counterparts in the
developing Correct article usage
apply
countries
. Their market share has started eroding. They are no longer the most sought after candidates for jobs
even in their own countries
. Worse still, more and more jobs
now get outsourced to the developing world
, where the cost of labour is low compared to that in the West. As a result
of this
people
in the developed world
are now losing their jobs
. Needless to say, they aren't all that happy with this
sudden spurt in global
Add an article
the global
a global
economy
.
The lesson we learn is that growth
of Correct article usage
the growth
economy
in Add an article
the economy
developing
Correct article usage
the developing
world
should not hamper the economy
of the people
of the developed countries
. Jobs
and opportunities for the people
of the developing countries
should be generate
within their Change the verb form
be generated
countries
and not in the developed countries
. Governments of developed countries
should not lay-off
their Correct your spelling
lay off
people
to give low paid jobs
to others.
To sum up, the facts given above should explain why researchers feel that people
in the
developing Correct article usage
apply
countries
are happier with the growth
in global
Add an article
the global
economy
than the people
in the developed world
. These viewpoints are not expected to change much into the foreseeable future unless some steps are taken.Submitted by vihit007 on
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- Paragraph 1 - Introduction
- Sentence 1 - Background statement
- Sentence 2 - Detailed background statement
- Sentence 3 - Thesis
- Sentence 4 - Outline sentence
- Paragraph 2 - First supporting paragraph
- Sentence 1 - Topic sentence
- Sentence 2 - Example
- Sentence 3 - Discussion
- Sentence 4 - Conclusion
- Paragraph 3 - Second supporting paragraph
- Sentence 1 - Topic sentence
- Sentence 2 - Example
- Sentence 3 - Discussion
- Sentence 4 - Conclusion
- Paragraph 4 - Conclusion
- Sentence 1 - Summary
- Sentence 2 - Restatement of thesis
- Sentence 3 - Prediction or recommendation
Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.
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