tell me about that economic growth in developing countries and developed countries made people rich. however research indicates that people are not happy living in developed countries y ???
Answers
Answer:
Economic growth in developing countries and developed countries made people rich. People are not happy with their living in developed countries, because, in developed countries there are so much of difficulties, hard working is required to fulfill our needs, etc....
Explanation:
There is no denying the fact that economic growth has improved the standard of living all over the world. However, growth in global economy may mean different things to different people. To the developing world, recent growth may be coupled with a rise in standards of living, and thus seen as positive. To the already developed countries, this growth brings with it increased global competitiveness, and is thus seen as negative. Both sides will be analyzed in this essay. The lesson we get from this different perception towards development of global economy shall also be discussed.
For people in the developing world it means better opportunities for personal and professional growth. More and more people in developing countries such as India and China now earn more than enough to lead comfortable lives. Now they have high disposable incomes that make it possible for them to lead luxurious lives. They can now buy the latest gadgets, travel to the most exotic places on earth and own luxury apartments and cars. Their children now get world class education and healthcare. None of these would have been possible if the economy wasn’t growing. Needless to say, for people in the developing world growth in the economy is a positive development.