Some experts believe that when a country is already rich, any additional increase in economic wealth does not make its citizens any more satisfied. To what extent do you agree or disagree?
Economic growth is one of the top priorities of every state around the world.
However
, some experts believe that rich nations with any additional increase in economic wealth are unable to create more satisfaction for their citizens. Personally, I hold a different perspective on this
notion.
On the one hand, it is argued that individuals from improved societies may not experience greater pleasure because of the heavy workload. Due to
the tasks of expanding the economy
, businesses are required to boost their productivity and foster innovative progress, leading to increased working hours. Therefore
, people may have less time for leisure activities, causing stress and pressure which are the two main indicators when measuring the happiness index in a certain country. For instance
, being the most developed economy
in the world, the U.S. has the highest suicide rate globally.
On the other hand
, I am of the opinion that growth in the economy
is positively associated with happiness for several reasons. Firstly
, it is undeniable that citizens from richer countries
can have a higher living standard, including better living conditions with modern facilities and more chances to access the top education system and the world-class healthcare system. As a result
, the world has witnessed a huge flow of people from underdeveloped and developing regions migrating to developed nations with the hope of a brighter future. Secondly
, with a prosperous economy
, wealthier countries
can have more resources to overcome social issues, such
as unemployment, environmental damage and inequality. To illustrate, during the COVID-19 pandemic, while
poorer countries
were struggling to meet their citizens' basic needs, including food, medicine and accommodation, individuals from richer ones can easily overcome the pandemic with financial support from their governments.
In conclusion, while
growth in the economy
can lead to a more stressful workload, I firmly assert that this
development contributes significantly to an individual's fulfilment thanks to a higher living standard and social issues being addressed. It is advisable that countries
should continuously develop their economies to increase the happiness of their residents.Submitted by nguyenlyacbd on
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