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Economic growth has made some people richer


You should spend about 40 minutes on this task.

Present a written argument or case to an educated reader with no specialist knowledge.

Write about the following topic:

In recent time economic growth has made some people richer in both developed and developing countries. While studies show that people in developing countries are happier now than before, people in developed countries are no happier than they were before. Why do you think this is and what lessons can be learned from it?

Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Write at least 250 words.

Sample Answer:

In recent years, economic growth has led to an increase in wealth for some individuals in both developed and developing countries. Surprisingly, studies have shown that people in developing countries are reporting higher levels of happiness, while those in developed countries are not experiencing the same increase in happiness levels. This phenomenon can be attributed to a variety of factors, and there are valuable lessons to be learned from this disparity.

One possible explanation for the difference in happiness levels between developed and developing countries is the concept of relative wealth. In developed countries, individuals may be comparing their wealth and status to those around them, leading to a constant desire for more. This constant comparison can lead to a sense of dissatisfaction, despite an increase in wealth. On the other hand, individuals in developing countries may be experiencing a more significant improvement in their standard of living, leading to a greater sense of gratitude and contentment.

Another factor to consider is the impact of social connections and community. In many developing countries, social bonds and community support play a significant role in overall happiness. Strong social connections can provide a sense of belonging and support, contributing to higher levels of happiness. In contrast, the fast-paced and individualistic nature of many developed countries may lead to a lack of meaningful social connections, impacting overall happiness levels.

From this disparity in happiness levels, there are valuable lessons to be learned. Firstly, it is essential to recognize that material wealth alone does not guarantee happiness. Instead, fostering strong social connections, a sense of community, and gratitude for what one has can significantly impact overall happiness. Additionally, the emphasis on constant comparison and the pursuit of more in developed countries may be detrimental to overall well-being. It is crucial to shift societal values towards gratitude, contentment, and meaningful social connections.

In conclusion, the disparity in happiness levels between developed and developing countries can be attributed to factors such as relative wealth and social connections. This phenomenon serves as a valuable lesson, highlighting the importance of gratitude, community, and social connections in contributing to overall happiness. As we continue to pursue economic growth, it is essential to prioritize these factors to ensure the well-being of individuals in all countries.

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