Whether the economic growth affects the society positively or negatively depends on the governing and inequalities itself. In some countries, economic growth would reduce poverty. However, in some other countries, there are a lot of inequalities and hence poverty would not be reduced much. To me, I feel that an economic rise would benefit the society in one way or another, such as a higher exchange rate of 1SGD to RM ($_$). Economic growth also improves and modernises the country, and the society can benefit from this. Also, economic rises means that there is a rise in productivity in industrials. With more productivity, the income of workers may increase since the company earns more. Also, there will be a higher employment rate. Therefore, I think that economic growth affects and benefits the society.
-Bei Xuan (8)
No comments:
Post a Comment