Most countries want to improve 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?

It is evident that the improvement in countries’ economies can bring a good quality of life to their citizens.

Nevertheless

, it can lead to the loss of human values

such

as some people might be driven only by money. In my opinion, I believe

although

it has some negative impact, economic growth by and large benefits societies greatly in many aspects. It is widely acknowledged that citizens in rich countries tend to have a better standard of living than third-world countries.

For

this

reason, many nations mainly focus on developing their economy in order to improve people’s lives. To illustrate,

as a consequence

of the growth in the Thai economy from tourism, the government has a sufficient budget for improving basic infrastructures

such

as education, healthcare and public transport system. It is obvious that these improvements provide convenience and a healthier lifestyle for individuals. It seems to me that economic development is beneficial to the whole country.

However

, it is often argued that some human qualities

such

as compassion and kindness are devalued during the development of an economy. What I mean by

this

is industrialization usually leads to consumerism which encourages people to spend more and

as a result

, they are likely to be self-serving and money-oriented.

For instance

, in order to earn a sufficient income to serve a lavish lifestyle

such

as an expensive car or exorbitant meals, they ought to work harder and might become

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self-seeking

workaholic

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. Even though I have some sympathy for

this

viewpoint, I would maintain that the advantages of economic expansion are greater than the drawbacks. In conclusion,

although

many believe that economic development has several negative effects, I would argue that it generally brings many benefits to society which surpass those disadvantages.