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
show examples
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
Add an article
the development
show examples
of
global
Correct article usage
the global
show examples
economy
shall
also
be discussed. For
people
in the developing
world
Add a comma
,world
show examples
it means better opportunities for personal and professional
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
Correct article usage
The majority
show examples
of
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
Correct article usage
apply
show examples
developing
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
show examples
economy
. The lesson we learn is that
growth
Correct article usage
the growth
show examples
of
economy
Add an article
the economy
show examples
in
developing
Correct article usage
the developing
show examples
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
Change the verb form
be generated
show examples
within their
countries
and not in the developed
countries
. Governments of developed
countries
should not
lay-off
Correct your spelling
lay off
show examples
their
people
to give low paid
jobs
to others. To sum up, the facts given above should explain why researchers feel that
people
in
the
Correct article usage
apply
show examples
developing
countries
are happier with the
growth
in
global
Add an article
the global
show examples
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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    • Sentence 2 - Example
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
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