Economic development is always one of the most pivotal aspects that most countries strive to improve for the sake of their people. Yet, some hold a contentious view that it will result in deterioration of social values. Just like everything, developing a better economy has both pros and cons and I personally believe the merits outweigh the drawbacks
Very impressive :)
On the plus side, a prosperous society can attract overseaforeign investors and bring offshore funding into local economy.
" foreign" is a better key word that goes with the word "investor"
Furthermore, allowing them to compete with local companies has an economic benefit since competition can lead to cheaper goods with highbetter qualityqualities .
Therefore, people can be benefited from the lower living costs.
... This is my suggestion;
This would benefit the citizens at large by providing them with quality goods and services at a reasonable price.However, people hashave been becoming ruthless along with the continuing economic expansion.
However, it cannot be denied that people keep loosing good moral values along with the continuing economic expansion.You write extremely well... I think you are ready to take up this task and wish you Good Luck!