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?

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There is an increasing tendency to focus on the standard of living among many countries through economic
development
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. Some
people
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believe that
,
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social
value
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is neglected
while
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achieving economic
development
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. I firmly believe that, if social values are ignored, the advantages of economic improvement outweigh the disadvantages. On the one hand, economic
development
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is the primary goal of many developing and underdeveloped countries which is a key to improving the living standard of the citizens. It is undeniable that a
country
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should be economically strong to provide
the
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all basic needs to its
people
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such
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as food, nutrition, healthcare benefits, education, accommodation and so on. Without a strong economy,
development
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is not achievable. Bangladesh,
for example
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, is increasingly focusing on improving its economy to ensure the basic needs of
people
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.
Therefore
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, if a
country
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emphasizes
on
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economic
development
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that is
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not a problem.
On the other hand
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, it is a common saying that, when a
country
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economically improves a lot, its social
value
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deteriorates. The improvement of living standards fails to establish social justice, and equality, and erase discrimination and if a
country
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fails to establish social
value
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, it will not be able to establish fairness and justice among
people
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. Without fairness and justice, the importance of achieving high living standards would be valueless because not everyone will access it equally. Take ,
for example
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, India. It is suffering to establish social
value
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and because of corruption,
people
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are deprived of their basic rights.
Thus
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, if social
value
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is absent, economic
development
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will not exist properly.
To conclude
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, countries should equally emphasize improving living standards and establishing social values. If any
country
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only wants economic
development
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without establishing social
value
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, the advantages of economic
development
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outweigh the disadvantages.
Submitted by rahman_rehana on

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