In many countries, the government prioritizes economic growth above all other concerns. Discuss the advantages and disadvantages of this

This

has been globally recognized that a nation's

growth

is measured by its economic success.

Due to

this

, many countries around the world focus more on

this

kind of

development

and overlook different crucial

sectors

and issues.

This

essay will shed light on both its merits and demerits. To commence with its advantages,

firstly

, the significance of economic

growth

for a country's

overall

development

can not be ignored. A strong and constant

growth

in revenue reflects a symbol of dominance for a country at a global level, because of

this

cut-through competition among democracies, they focus more on the revenue-generation models which consist of attracting foreign direct investments (FDI) or developing infrastructure and technologies.

Secondly

,

this

expenditure not only helps in decreasing unemployment but

also

generates additional cash flow for the government.

On the other hand

,

this

form of

development

also

leads to various consequences. Major other important

sectors

are usually overlooked

such

as sports, arts and drama etc.

In addition

to

this

, the involvement of a nation in a single-dimensional

development

approach is more likely to create pressure and endanger the natural resources, followed by impacting adversely the environment. Research suggests that countries that focus mainly on economic advancement are less likely to commit to the environment and other non-important

sectors

.

To sum up

, without a doubt economic

growth

is a major part of every developing country and they should keep investing in

further

advancements.

However

, they should not neglect and overlook the significance of other

sectors

and other crucial concerns relating to the environment.