Economic growth in recent years made some people in both developed countries and developing countries richer. However, research shows that while people in developing countries are happier, people in developed countries seem not happier than before. Why does this happen? What can we learn from it?

Following the recent fiscal growth, different reactions have been observed in the citizens of developing and developed nations: while the former appear to be more content with the status quo than before, the latter show little to no change. This essay is going to examine several reasons behind this phenomenon before elucidating some valuable lessons […]