IELTS Essay: Economic Progress

Vocabulary

What do the words in bold below mean? Make some notes on paper to aid memory and then check below.

Many today have made the argument that governments are overly focused on economic development to the detriment of more valuable areas of progress. In my opinion, though economic progress is often the catalyst for different forms of growth, the other areas are at least equally as important.

Supporters of economic progress point out its importance for individuals and societies generally. A thriving economy allows the average citizen to increase their quality of life in various ways. Individuals who are provided good jobs and lucrative opportunities are able to afford better healthcare, own a home potentially, purchase luxuries, and take holidays. In the aggregate, all these minor additions combine to ground a satisfied and happy life, though they are naturally not absolute guarantees. The clearest evidence of the value of this approach is that voters in democratic nations like the United States typically base their decisions primarily on economic factors.

However, economics is the basis for other areas of progress. This relates to education, standards of living, infrastructure, and, most importantly in the 21st century, the environment. In past centuries, individuals could be forgiven for considering economics to be the most important duty of governments. Today, the possibility that the Earth will face cataclysmic changes in the next century has dramatically shifted that calculus. Most researchers agree that overpopulation and the manufacturing and consumption of consumer goods are greatly exacerbating climate change and may lead to seismic disruptions for all life on Earth. Therefore, simply prioritizing the economic causes of a degrading environment would be short-sighted.

In conclusion, though economics is the basic foundation of modern civil societies, governments today should not neglect equally as crucial aspects such as the environment. The economy is means for enacting other reforms, not an end in itself.