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

Expanding

economy

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is the topmost preference of the government in many countries.

This

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essay will discuss advantages and disadvantages of

this

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approach. I believe, there are more benefits of following

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strategy. The approach to focus on an increase in the

economy

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of a

country

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has many benefits.

Firstly

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, it increases the job opportunities.

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helps in reducing unemployment in the

country

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.

Secondly

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, there is an increase in trade within the stock markets of the

country

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.

This

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increase in trade, builds the investor confidence.

As a result

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, more money is circulated into the trade circle.

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leads to a vicious cycle of economic growth.

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, the international standing of the

country

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is established as stable

economy

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.

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stability enables the

country

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to import goods that are not produced by the

country

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. The people of the

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country

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country, thus

thus

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benefits from

this

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availability of products.

For example

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, in an article published in the magazine Economist it was stated that the United states of America is able to import 70 percent of households and luxury items from the rest of the world because it's strong

economy

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.

On the other hand

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, focus on economic building has many disadvantages. The people start to live a fast paced life in order to earn more money.

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, there is a modification in the lifestyle of the people.

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stressful lifestyle brings along many health issues.

For example

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, according to a study published in New England Journal of Medicine, the incidence of cardiovascular diseases is more prevalent in the

first

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world countries where there is a focus on the economic growth. Another issue is the immigration of people from low income countries. Behaviour of native people may not be welcoming to

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influx of immigrants. If uncontrolled,

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may lead to unwanted problems.

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, there was a similar motive behind 2019 killings of Muslim worshippers in Christchurch, Newzeland. 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.