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 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
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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’s all-round
development
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.
This
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is because it might be a momentous
leadership promoting
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leadership, promoting
the progress of others important areas
such
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as education, economics, equal and safe
society
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, science and technology. If a country exists in an undemocratic regime, it might be able to lead to the
corruptible
Suggestion
corruption
problem, social inequality, and even occurring advocacy
groups
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group
phenomenon in the political environment and that means the country do not keep pace with the fast-paced
development
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of globalisation and
therefore
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impeding the country’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 an essential influence on mirroring the successful level of countries in the world.
For example
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, today’s economists and governments
have still used
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still use
are still using
were still using
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,
economy
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economic
-based crimes, and unstable
society
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. So, governments should choose a stable growth corresponded with prosperous
society
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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
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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
Use synonyms
.
Submitted by Arjun Gogna on

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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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