Nowadays many nations are focused to raise their lifestyle by developing th economy, which could results into loss of social values. The benefit of economic growth is reduction in poverty, but there also a drawback like pollution which comes with economic development. The advantages of good economy absolutely outweigh the disadvantages.
The primary disadvantage of financial growth of any country is pollution. Whenever a nation improves its economy they move towards urbanization and industrial growth, more cities are developed which encourage people to move into big cities and they bring increase in trafic which causes environmental pollution. Countries with growing economy move towards industrial growth and more idustries bring more pollution. For example, Delhi capital of India, have the most polluted air in the world because government is focused to industrialize the city and more people moving there in search of jobs, resulting into increase in air pollution. However, i would say that economic growth with planning would be more better.
One of the main benefits of financial development is reduced poverty level. Economic growth of a country ensures the elimination of poverty. Nations with better economy improve the lifestyle of their people by giving providing jobs, which ultimately decreases the financial unstability of indviduals.Furthermore, financially stable states can also provide their low income people with social welfare programs, which get them out of a bad financial life. For Instance, many European countries pay unemployment allowance the the individuals who do not have jobs, which helps them to fight with financial issues. That is why, i believe a good economy is surety of a great future for any country.
In conclusion, economic development can cause problems like pollution but it also eliminate the fear of hunger for the people of that country, which is more beneficial.