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

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It is a fact that economic development involves the improvement of the standard of living for society in any
country
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.
However
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, nowadays some
people
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think that some social
values
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are lost
as a result
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. In my opinion,
this
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phenomena
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phenomenon
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doesn't have as much negative in
people
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's
values
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as a positive impact
in
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on
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their economy.
Firstly
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,
people
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who don't have enough economic resources have to take advantage of small opportunities that they can have.
For
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this
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reason, whenever
it
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apply
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exists economic
growth
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,
people
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pursue these chances and
that is
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when others say their social
values
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are lost. Proof of
this
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is when a president says he's going to give economic help to those who need it, in order to persuade them to give him their vote, some
people
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call
this
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corruption. But most of them don't realize
this
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is the only way they can have a decent income. The more economic opportunities they have, the easier it is for
people
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to take them.
On the other hand
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, the fact that
people
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can improve their standard of living
due to
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economic development can be very beneficial not only for them but for the
country
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too. When a
country
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goes through economic
growth
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this
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eventually raises the other economic factors of the nation. Proof of
this
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is the reduction of the unemployment rate, the
growth
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of the minimum salary, the reduction of the Gini Coefficient, the increase of the GDP and many other factors.
While
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the economy of a
country
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keeps growing, many aspects of it are
also
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improving which can be beneficial for society.
People
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can say that social
values
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are lost whenever it comes to economic
growth
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. But it is not true that the disadvantages that come from it are more than the advantages. The
growth
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of the economy of any
country
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represents an improvement in equality of the society and
that is
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much more important than the
values
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of each person.

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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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