in many countries, the government prioritises economic growth above all other concerns. Discuss the advantages and disadvantages and give your own opinion

Expanding
economy
is the top
most preference
Suggestion
most preferred
of the government in many countries.
This
essay will discuss advantages and disadvantages of
this
approach. I believe there are more advantages than disadvantages of
this
approach. The focus on
increasing the
Accept comma addition
increasing, the
economy
of a
country
has many benefits.
Firstly
, it increases the job opportunities.
This
helps in reducing unemployment in the
country
.
Secondly
, there is an increase in trade
with in
internal to, not outside; located in the bounds of
within
the stock markets of the
country
.
This
increase in trade, builds the investor confidence.
This
leads to
vicious cycle
Suggestion
a vicious cycle
the vicious cycle
of economic growth.
Lastly
,
international standing
Suggestion
the international standing
of the
country
is established as stable
economy
.
This
stability enables the
country
to import a wide range of goods at decent interest rates. The people of the
country
Accept comma addition
country, thus
thus
benefits from
this
availability of products.
On the other hand
, focus on
economy
building has many disadvantages. The
life
style of the people of the
country
is modified. The people start to live a fast paced
life
in order to earn more money.
This
stressful
life
style
bring
Suggestion
brings
along many health issues.
For example
, according to a study published in New England Journal of Medicine, the incidence of cardiovascular diseases is more prevalent in the
first
world countries where there is a focus on the economic growth. Another issue is the immigration of people from low income countries.
This
influx of people is not welcomed by some natives. If uncontrolled,
this
may lead to unwanted problems. In conclusion, there are multifaceted disadvantages of giving preference to economic development. In my opinion the benefits of diminishing un-employment, international stability and provision of luxury
life
to the people, clearly outweigh the demerits.
Submitted by Umar Kaleem on

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Topic Vocabulary:
  • economic growth
  • quality of life
  • standard of living
  • infrastructure development
  • employment opportunities
  • environmental impact
  • wealth disparity
  • modernization
  • sustainable development
  • Gross Domestic Product (GDP)
  • industrialization
  • ecological footprint
  • capital investment
  • urbanization
  • economic prosperity
  • fiscal policy
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