W11. Social Development is Economic Development-1/ Kim Seonghui

1. Summary
The fundamental goal of economic development is the improvement of human welfare. In order to continue this growth, the state needs educated people. Meanwhile, the education rate and economy are proportional. Investment through education comes back. Some educated women have healthier children. It is also true that educated women have fewer children, but it can be said that they can raise their children healthier because they have various plans to raise them. In addition, there is a direct economic impact of social investment. The shorter working hours, the less likely you are to get sick. But poor people find it difficult to make this choice because of money. For this reason, the writer says investing in social development is a good economy. This is because higher incomes lead to more economic growth and more education.
 
2. New/ Interesting
Several cases were presented to support the writer's argument, which made it more understandable and new cases known. I only thought that there was economic development in social development. But I was impressed that the writer said social development equates with economic development. It was also surprising that the return rate of investment in education was higher socially and personally if the level of education was primary. I thought vaguely that the higher the level of education, the higher the rate of investment coming back.
 
3. Discussion
Do you think social development is the same as economic development? Or do you think social development is a bigger concept and there is economic development in it?

Comments

  1. Juhee ChaMay 28, 2020 at 11:53 PM

    According to the data, countries with poor economic development have an average educational life of less than 3.5 years. In other words, investment in social development has not been made well. Based on these data, it is not 100 percent, but I think social development involves economic development. Nevertheless, investment in social development is not going well because investing in social development is investing in the poor. Most of the public expenditure is to invest in the poor, which government managers hesitate to do.

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  2. CHANGYU JUNG(정찬규)May 30, 2020 at 2:26 AM

    I think economic development and social development are inseparable concepts. In order for society to develop, the economy needs to develop, and in order for the economy to develop, society needs to develop. But I think, in the end, the concept of social development is greater than economic development. I think economic development is an axis in the big concept of social development.

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