Industrialisation has resulted in the generation of many new jobs. As a result, the employment rate has greatly increased worldwide. The economic growth has a huge positive impact on the modern society. Not only, it has helped in greatly reducing hunger and poverty, but also, has improved the quality and standard of living. In contrast, some people believe that the development and economic enhancement are having a negative impact on the environment as it must be stopped totally. In this essay, I will discuss both views and additionally, will also highlight that even though the economic advancement might have some damaging effect, but the positive side of it, has overshadowed all the negatives.
Firstly, the economic enhancement has made lives easier worldwide by generating a variety of jobs. Unemployment rates all over have greatly reduced. By investigation, researchers have found out that the unemployment rate in developing countries has decreased by almost 30% in the last 30-40 years. Such as, in China, modernisation and the economic evolution have led to the rise of the number of people employed by 40 million. Different industries and job sectors have opened up which are employing more and more people. The IT industry and the management sector have given jobs to over 10 billion people worldwide. For example, in the United States alone, the IT industry has hired over 10 million youngsters from developing countries and have thus boosted their quality of life.
Secondly, the economic growth has resulted in globalisation. Therefore, it has reduced the long standing problem of racism and bigotry. People of different cultures, religions, nations and races now work together under the same roof. They work with each other, hand in hand, to achieve the desired, common objective. As revealed by, some of the big companies like Apple and Microsoft, where they have hired people from over 100 countries like France, the U. S. A, Canada, Philippines, India, China, Israel, Morocco, South Africa, Australia, Thailand and Mexico. Economic growth has given birth to a healthy, multicultural work atmosphere and thus, it has impacted the society positively.
Conversely, some people might argue that the economic advancement has damaged our habitat and so, it must be stopped. Even though, it is true that increased industrialisation has lead to deforestation, pollution and has caused global warming, it can be controlled by the government and hence, these problems can be minimised.
In conclusion, I strongly support the rise of the economy and I think, boosting the economic situation worldwide is the only way to fight hunger and poverty. Economic betterment has benefited the society in many ways. As revealed by, the improved infrastructure and technology, significant advancement in the health sector and meeting health challenges, and the rise in the importance of education. On the other hand, some people oppose this development as they highlight the negative results it has on our environment. However, the governments and people can help in tackling these issues by switching to eco-friendly alternatives and reducing waste production. In my opinion, economic evolution is essential in the development of a nation and shaping the future of the world.
Industrialisation
has resulted in the generation of
many
new
jobs
.
As a result
, the employment rate has
greatly
increased
worldwide
. The
economic
growth has a huge
positive
impact on the modern society. Not
only
, it has
helped
in
greatly
reducing hunger and poverty,
but
also
, has
improved
the quality and standard of living.
In contrast
,
some
people
believe that the development and
economic
enhancement are having a
negative
impact on the environment as it
must
be
stopped
totally
. In this essay, I will discuss both views and
additionally
, will
also
highlight that
even though
the
economic
advancement might have
some
damaging effect,
but
the
positive
side of it, has overshadowed all the negatives.
Firstly
, the
economic
enhancement has made
lives
easier
worldwide
by generating a variety of
jobs
. Unemployment rates all
over
have
greatly
reduced
. By investigation, researchers have found out that the unemployment rate in
developing countries
has decreased by almost 30% in the last 30-40 years. Such as, in China,
modernisation
and the
economic
evolution have led to the rise of the number of
people
employed by 40 million.
Different
industries and
job
sectors have opened up which are employing more and more
people
. The IT industry and the management sector have
given
jobs
to
over
10 billion
people
worldwide
.
For example
, in the United States alone, the IT industry has hired
over
10 million youngsters from
developing countries
and have
thus
boosted their quality of life.
Secondly
, the
economic
growth has resulted in
globalisation
.
Therefore
, it has
reduced
the
long standing
problem of racism and bigotry.
People
of
different
cultures, religions, nations and races
now
work together under the same roof. They work with each other, hand in hand, to achieve the desired, common objective. As revealed by,
some of the
big
companies
like Apple and Microsoft, where they have hired
people
from
over
100 countries like France, the U. S. A, Canada, Philippines, India, China, Israel, Morocco, South Africa, Australia, Thailand and Mexico.
Economic
growth has
given
birth to a healthy, multicultural work atmosphere and
thus
, it has impacted the society
positively
.
Conversely
,
some
people
might argue that the
economic
advancement has damaged our habitat and
so
, it
must
be
stopped
.
Even though
, it is true that increased
industrialisation
has lead to deforestation, pollution and has caused global warming, it can
be controlled
by the
government
and
hence
, these problems can be
minimised
.
In conclusion
, I
strongly
support the rise of the economy and I
think
, boosting the
economic
situation
worldwide
is the
only
way to fight hunger and poverty.
Economic
betterment has benefited the society in
many
ways. As revealed by, the
improved
infrastructure and technology, significant advancement in the health sector and meeting health challenges, and the rise in the importance of education.
On the other hand
,
some
people
oppose this development as they highlight the
negative
results it has on our environment.
However
, the
governments
and
people
can
help
in tackling these issues by switching to eco-friendly alternatives and reducing waste production. In my opinion,
economic
evolution is essential in the development of a nation and shaping the future of the world.