The role of innovation has played a pivotal role in this globalization, and while some claim that it is fueled by wealth and economic progress, others say that social and environmental problems should be addressed as a primary case. This essay will delve into both perspectives and I am convinced that taking into consideration social and environmental issues are paramount.
To begin with, proponents of innovation are driven by profit and economic growth argue that it serves as the catalyst for sustainable developments that will create cutting-edge products. This implies that with technological advancements, customers` preferences are always evolving, and they are inclined to purchase the products that can appeal to them. Therefore, constant innovation can attract buyers` attention, generating a significant amount of revenue. Consequently, this allows huge investment in research and development areas and creates numerous job opportunities for countries. In essence, this constant innovation can drive businesses to generate profits and economic growth.
However, critics contend that innovation should be prioritized to address social and environmental problems. In fact, numerous cutting-edge products are manufactured by the excessive use of natural resources. This overreliance on raw materials to enhance innovation can cause the depletion of ecosystem and biodiversity. In addition, a variety of the latest products in the market can fuel the increase in consumerism, fostering them to become materialistic mindsets.
Despite valid arguments from innovation driven by wealth and economic growth, my belief is that it is paramount to consider the role of social and environmental issues. Overexploitation of natural resources can damage to environment, and this can be a worrying case for future generations due to the degradation of the ecosystem. Moreover, fueled by the desire to purchase unneeded products can lead to the disruption of social cohesion because individuals become obsessed with materials and products.