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?
Nowadays, many experts and global organisations are finding a united definition of a provincial’s success. It is believed that economic advancement as GDP growth will illustrate the achievement of a rustic. Meanwhile, some people put forward the idea that
besides
this
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
, it is obvious that for most countries, the political institution plays a critical role in creating a country’s all-round development
. This
is because it might be a momentous leadership promoting
the progress of others important areas Accept comma addition
leadership, promoting
such
as education, economics, equal and safe society
, science and technology. If a country exists in an undemocratic regime, it might be able to lead to the corruptible
problem, social inequality, and even occurring advocacy Suggestion
corruption
groups
phenomenon in the political environment and that means the country do not keep pace with the fast-paced Suggestion
group
development
of globalisation and therefore
impeding the country’s economic and social growth. This
is particularly important in poor countries like Haiti, South Korea, Congo and so forth.
That is
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 an essential influence on mirroring the successful level of countries in the world. For example
, today’s economists and governments have still used
GDP, GNP and CPI index in order to estimate countries’ Suggestion
still use
are still using
were still using
development
. However
, once a nation gives priority to accelerate the economics, this
may lead to increasing the gap between the poor and the rich, high inflation, economy
-based crimes, and unstable Suggestion
economic
society
. So, governments should choose a stable growth corresponded with prosperous society
and economy.
In summary, the country should create the sustainable and successful progress in many areas based on the collaborative and democratic institution and thus
by making the society
more prosperity and happiness. Meanwhile, we should not neglect to invest effectively in economic development
.Submitted by Arjun Gogna on
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