Nowadays, the level of economic development of the country is one of the determining factors. However, there are so many of them affecting a country’s success.
In the past, the progress of society was measured with consistent stages, distinguished by key areas of economics, more precisely agrarian, industrial and post-industrial stages. These diverse types are based on agriculture, industry and technology, respectively. Today round the globe there is such the same system. Countries are divided into undeveloped, developed and developing categories.The most significant elements that should be considered when evaluating a nation’s overall well-being are Human Development Index, Quality of Life, and Political Stability. According to this index, it gives an aggregate view of country’s success taking into account social factors as educational level, access to healthcare, housing conditions and safety. It is worth noting that for sustainable development it is necessary to create a stable political system including a rule of law and freedom of speech.
Despite the factors mentioned above, there is undoubtedly the most crucial role to play in a country’s growth is economic progress. A financial inhabitants’ abundance depends on an economic condition of any country. Moreover, infrastructure development and technological innovations require an immense financial expenditure.
In conclusion, the success of the country should be estimated with an integrated approach containing economic growth, social equality and political safety. It allows for creation of a truly successful and prosperous state, where economic progress serves as a tool enhancing the quality of life for all residents.