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?

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

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