Some people think that economic progress is the only way to measure a country’s success, while others think that there are other factors which can be used to measure a country’s success. What are these factors? And among them, which one is more important than others?

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Nowadays, many experts and global organizations are finding a united definition of a
country
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’s success. It is believed that economic
development
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as GDP growth will illustrate the achievement of a
country
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. Meanwhile, some people put forward the idea that
besides
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this
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factor, the existence other features that have a stronger impact on that. As far as I am concerned that the latter opinion should receive more support.
First
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, it is obvious that for most countries, the political institution plays a critical role in creating a
country
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’s all-round
development
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.
This
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is because it might be an important guideline promoting the progress of others important areas
such
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as education, economics,
society
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, science and technology. If a
country
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exists in an undemocratic mode, it might be able to lead to the corruption problem, social inequality, and even occurring advocacy group phenomenon in the political environment and that means the
country
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do not keep pace with the fast-paced
development
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of globalization and
therefore
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inhibits the
country
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’s economic and social growth.
This
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is particularly important in poor countries like Haiti, South Korea, Congo and so forth.
That is
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not to say that economic progress is not an assessment of a nation’s success. It is due to the fact that economic factor exerts a significant impact on mirroring the successful level of countries in the world.
For instance
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, today’s economists and governments still use GDP, GNP and CPI index in order to estimate countries’
development
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.
However
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, once a nation gives priority to accelerate the economics,
this
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may lead to increasing the gap between the poor and the rich, high inflation, economic-based crimes, and unstable
society
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.
Thus
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, governments should choose a stable growth corresponded with prosperous
society
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and economy. In summary, the
country
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should create the sustainable and successful progress in many areas based on the collaborative and democratic institution and
thus
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by making the
society
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more prosperity and happiness. Meanwhile, we should not neglect to invest effectively in economic
development
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.

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Topic Vocabulary:
  • gross domestic product (GDP)
  • holistic approach
  • subjective well-being
  • quality of life
  • human development index (HDI)
  • green economy
  • technological prowess
  • social cohesion
  • equality and equity
  • cultural vitality
  • political transparency
  • judicial efficacy
  • civil liberties
  • progress indicators
  • societal prosperity
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