Nowadays, most countries improve the standard of living through economic development. But some social values are lost as a result. Do you think the advantages of the phenomenon outweigh the disadvantages?

It is debatable whether economic
development
empowers society for the good or
it
Correct pronoun usage
apply
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loosens the attachment of community. Despite the strong opinion stating that spiritual and emotional values will be lost in the rise of the
economy
, I surely believe that within the era of innovation and
development
,
people
will benefit from it one way or another.
To begin
with, there are tons of opportunities for improvement that come
along with
the growth of the
economy
.
People
’s lives are enriched through many aspects
such
as education, health, and hospitality.
For instance
, more capital can be invested in building public schools, applying more advanced technologies in treating patients, and upgrading customer services and facilities in the service industry.
Moreover
,
this
also
means that the funds for cultural conservation will be widened, helping preserve historical places and cultural heritage.
In contrast
, the main reason for the negativity towards economic growth is its consequences of creating materialism and individualism. In order to endure the
development
of the
economy
,
people
have to work hard to make more money, the more money transactions being made, the greater impact it will have on the
economy
.
However
,
this
creates a “9 to 5” working habit which exhausts workers and
also
limits the time for individuals to enjoy social life.
Therefore
, with hard-earned currency,
people
tend to be more selfish with material values and do not want to share with others.
To conclude
, economic
development
furnishes
people
with improvement in many fields and positively affects living standards.
Although
there are some downsides to
this
phenomenon, they would rather be minor inconveniences in
people
’s lives.
Submitted by phamhoangminhthu24 on

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Topic Vocabulary:
  • standard of living
  • economic development
  • social values
  • materialism
  • community welfare
  • sustainable technologies
  • environmental degradation
  • social stratification
  • social cohesion
  • economic status
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