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.
Submitted by vikrant on

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    • Sentence 2 - Example
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Topic Vocabulary:
  • prioritizes
  • economic growth
  • employment opportunities
  • public services
  • tax revenues
  • infrastructure development
  • environmental degradation
  • industrial expansion
  • income inequality
  • wealth accrues
  • neglect
  • social issues
  • metrics
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