economic growth and social values ielts task 2

Many people have been saved from poverty and given a decent life as a result of global economic development, however most people believe that this trend is leading to a lack of community norms. In my opinion, although this issue has the undeniable negative aspects, it cannot overcome the positive ones. This essey will focus on the benefits which exceed disbenefits as well as the disadvantages. On the one hand, one of the merits is the high living standards and unemployment level which, as a country experiences economic prosperity, has a direct impact on the living standards of its citizens. This blessing aids in the alleviation of global poverty and the enhancement of development outcomes. For example, the unemployment rate in Japan, which is at its height of industrialization and economy is 2. 3 percent, that is a very successful statistic. More critically, financial improvement contributes the educational sector, as government spending in is critical to the studying systems long-term viability. As instance, Finland is one of the world's most generous donors in education. As a consequence, both the quality of education and the number of scholarships awarded to local and foreign students are very high. On the other hand, as downside, there is no doubt that consumerism has resulted in the extinction of certain traditional beliefs. In most people's lives, money takes precedence over friendship, family, and love. When people receive more than they can satisfy their basic needs, they think materialism is everything. Trust, respect, and so on are essential in such a setting. external influences, for example, are lost. So although society is evolving, people will cultivate good moral standards and adhere to them. For instance, China celebrate the Lunar Year and Respect for the Elderly Day and keep their ancient cultures intact. Holiday celebrations serve to strengthen family bonds, have a feeling of community, and honor generations of families. Traditions, however, help children form meaningful memories. To summarize, while economic growth has resulted in the loss of certain social values, the overall advantages are more important