Economic growth has helped to improve standards of living all over the world. However, some research shows that people in developing countries are happier with this trend than people in developed countries. Explain why you think this is.
Developments in the global economy mean different things to different people. To some, recent growth may be coupled with a rise in standards of living, and thus seen as positive. To others, this growth brings with it increased global competitiveness, and is thus seen as negative.
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