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?

Nowadays, many
countries
have been enhancing their population’s life standards
due to
economic
development
,
however
, it has been pointed out that
this
can lead to the loss of certain social values. I personally believe that the advantages that come from the improvement of the social conditions of the citizens can easily exceed the other drawbacks. Economic
development
is crucial to enhance the standard of living of the population.
In particular
, it gives the chance to invest in different sectors, in which welfare states have always invested the most
such
as healthcare, education and infrastructure. And so
this
will help to improve their economic status and better the standard of living.
Furthermore
, thanks to the enhancement of economic status, these
countries
will be able to invest in other fields
such
as sustainable technologies.
For instance
, many developing
countries
like India or China in recent years have become fundamental reference points in the research of greener ways to produce energy.
On the other hand
, many believe that
this
economic
development
has a negative impact on social values. Globalization has been considered the cause of the loss of cultural heritage and traditions and of the pursuit of individual success and egoism.
However
, even if the gap between the different social statuses has increased,
on the contrary
, it has witnessed
an
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economic growth and a general improvement in the standard of living both among the wealthier and the poorer part of the population.
To conclude
,
although
it has been blamed the phenomenon of economic
development
for the loss of social values in
countries
that experienced it, I personally believe that the advantages resulting from economic growth are irreplaceable.
Submitted by lucrezialivi 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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