Many governments think that economic progress is their most important goal. Some people, however think that other types of progress are equally important for a country. Discuss both views and give your own opinion.
Most governmental organisations are of opinion that fiscal development is an important measure in assessing a
country
’s Use synonyms
growth
. While some strata of society think that there are other issues which need equal attention. I agree with the latter part of the statement and believe factors measured in non-GDP terms are Use synonyms
also
vital for the overall development of any Linking Words
country
.
Use synonyms
Firstly
, tracking a Linking Words
country
’s Use synonyms
growth
in economic terms provides measurable and conspicuous benefits with immediate effect. Use synonyms
For instance
, Sri Lanka used to be a tourist centre during the pre-covid era and the government invested heavily in the infrastructure sector to gain revenue and the subsequent spike in GDP Linking Words
growth
. The uptick in government earnings will increase investment in other lucrative sectors which Use synonyms
further
help in boosting the economy. Linking Words
Additionally
, increased GDP levels help the Linking Words
country
gain a share in world economic Use synonyms
growth
.
Use synonyms
On the contrary
, other pressing matters including reducing carbon footprints or resolving bilateral issues help in building the system power. A move towards a greener economy benefits the health and life expectancy of its citizens around the world. Linking Words
For example
, India has targeted to reduce certain levels of Co2 emissions from the earth by 2030 and is applauded at the world economic forum for taking proactive actions towards Linking Words
this
goal. Linking Words
Also
, strengthening the law and order arrangement helps in reducing crimes and building trust in the Judicial system of the Linking Words
country
. Use synonyms
Furthermore
, the well-established social system helps in spiking literacy ratesLinking Words
,
and spending power by individuals which helps the Remove the comma
apply
country
economically and globally.
In a nutshell, policymakers should consider both micro and macro factors in measuring the success of the economy.Use synonyms
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