In most of nations, goverments put more focus on improving their economies than other sectors.This essay will demonstrate main benefits like an employment opportunity and also will show drawback of this growth. I personally believe that drawback outweights benefit as this will ruin populations’ health.
On the one hand,spending most energy on economical growth will provide a job creation. This will be caused by requirement of more hands in building of institutions to be successful. As a result of having more employment options, citizens’ general standard of life rises. For instance, the Indian government’s foreign direct investment scheme attracted investments from numerous international organizations, and throughout the past ten years, there has been a notable improvement in the standard of living of the populace.
On the other hand, because only the wealthy gain from this progress, the economy’s exceptional expansion denies poor individuals access to necessities. Government disregard the needs of underprivileged individuals who live below the poverty line in the competition to become the best nation; these individuals are most impacted by natural disasters like floods and droughts. For example, China is renowned for its extraordinary growth, but the government has never thought to raise the standard of living for those in need. Furthermore, the introduction of massive construction projects under the guise of development has a negative impact on the environment because it results in increased deforestation.
In conclusion, a country’s financial development is essential for improving the standard of living, but in my opinion, the government of that nation also needs to take the needs of the poor into care.