The economic growth in developing and developed countries is making people richer. However the research indicates that people in the developing countries is happier than people in developed countries. What is your opinion on this?
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.
Now let us see what global economic growth means to people in the developed world. Majority of people in the developed world already lead comfortable lives. They already possess disposable income and the recent growth in the global economy hasn’t really done anything to further improve their standard of living. On the other hand, they now face stiff competition from their counterparts in the developing countries. Their market share has started eroding. They are no longer the most sought after candidates for jobs even in their own countries. Worse still, more and more jobs now get outsourced to the developing world, where the cost of labour is low compared to that in the West. As a result of this people in the developed world are now losing their jobs. Needless to say, they aren’t all that happy with this sudden spurt in global economy.
The lesson we learn is that the growth of economy in developing world should not hamper the economy of the people of the developed countries. The focus should be on raising the bottom without pulling down the top. Jobs and opportunities for the people of the developing countries should be generated within their countries and not in the developed countries. Governments of developed countries should not lay-off their people to give low paid jobs to others.
The facts given above should explain why researchers feel that people in the developing countries are happier with the growth in global economy than the people in the developed world. These viewpoints are not expected to change much into the foreseeable future unless some steps are taken.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2021-10-03 | deolkuljeet1991 | 56 | view |
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Grammar and spelling errors:
Line 5, column 1, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...e economy is a positive development. Now let us see what global economic grow...
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Line 9, column 686, Rule ID: SENTENCE_FRAGMENT[1]
Message: “As” at the beginning of a sentence requires a 2nd clause. Maybe a comma, question or exclamation mark is missing, or the sentence is incomplete and should be joined with the following sentence.
...ur is low compared to that in the West. As a result of this people in the develope...
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Line 9, column 702, Rule ID: THIS_NNS[1]
Message: Did you mean 'these'?
Suggestion: these
...ed to that in the West. As a result of this people in the developed world are now l...
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Line 11, column 1, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...this sudden spurt in global economy. The lesson we learn is that the growth o...
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Line 16, column 1, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...e to give low paid jobs to others. The facts given above should explain why...
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Transition Words or Phrases used:
also, however, if, may, really, so, still, thus, such as, as a result, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 16.0 13.1623246493 122% => OK
Auxiliary verbs: 11.0 7.85571142285 140% => OK
Conjunction : 12.0 10.4138276553 115% => OK
Relative clauses : 7.0 7.30460921844 96% => OK
Pronoun: 34.0 24.0651302605 141% => Less pronouns wanted
Preposition: 65.0 41.998997996 155% => OK
Nominalization: 5.0 8.3376753507 60% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 2417.0 1615.20841683 150% => OK
No of words: 474.0 315.596192385 150% => Less content wanted.
Chars per words: 5.09915611814 5.12529762239 99% => OK
Fourth root words length: 4.66599839874 4.20363070211 111% => OK
Word Length SD: 2.58963559243 2.80592935109 92% => OK
Unique words: 212.0 176.041082164 120% => OK
Unique words percentage: 0.447257383966 0.561755894193 80% => More unique words wanted or less content wanted.
syllable_count: 722.7 506.74238477 143% => OK
avg_syllables_per_word: 1.5 1.60771543086 93% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 9.0 5.43587174349 166% => OK
Article: 4.0 2.52805611222 158% => OK
Subordination: 1.0 2.10420841683 48% => OK
Conjunction: 2.0 0.809619238477 247% => Less conjunction wanted as sentence beginning.
Preposition: 3.0 4.76152304609 63% => OK
Performance on sentences:
How many sentences: 28.0 16.0721442886 174% => OK
Sentence length: 16.0 20.2975951904 79% => The Avg. Sentence Length is relatively short.
Sentence length SD: 32.5065731187 49.4020404114 66% => OK
Chars per sentence: 86.3214285714 106.682146367 81% => OK
Words per sentence: 16.9285714286 20.7667163134 82% => OK
Discourse Markers: 3.14285714286 7.06120827912 45% => More transition words/phrases wanted.
Paragraphs: 5.0 4.38176352705 114% => OK
Language errors: 5.0 5.01903807615 100% => OK
Sentences with positive sentiment : 18.0 8.67935871743 207% => Less positive sentences wanted.
Sentences with negative sentiment : 4.0 3.9879759519 100% => OK
Sentences with neutral sentiment: 6.0 3.4128256513 176% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.413999066324 0.244688304435 169% => OK
Sentence topic coherence: 0.12800362652 0.084324248473 152% => OK
Sentence topic coherence SD: 0.135298537771 0.0667982634062 203% => The coherence between sentences is low.
Paragraph topic coherence: 0.277115335686 0.151304729494 183% => OK
Paragraph topic coherence SD: 0.0922304939431 0.056905535591 162% => OK
Essay readability:
automated_readability_index: 11.1 13.0946893788 85% => Automated_readability_index is low.
flesch_reading_ease: 63.7 50.2224549098 127% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 8.4 11.3001002004 74% => OK
coleman_liau_index: 12.0 12.4159519038 97% => OK
dale_chall_readability_score: 7.13 8.58950901804 83% => OK
difficult_words: 81.0 78.4519038076 103% => OK
linsear_write_formula: 7.5 9.78957915832 77% => OK
gunning_fog: 8.4 10.1190380762 83% => OK
text_standard: 8.0 10.7795591182 74% => OK
What are above readability scores?
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Rates: 56.1797752809 out of 100
Scores by essay e-grader: 5.0 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.