It is argued that higher authorities of many nations are focusing more on an upsurge of economic growth and giving least importance to the other issues. While the main advantage of this is the prosperity of the nation, I believe that excessive pollution is a serious drawback.
The primary benefit of focusing more on economic prosperity is that it results in a wealthier nation because governmental elites emphasize on establishing more industries to increase their products. In other words, it reduces poverty by offering employment and giving high wages to the workers so that they flourish in terms of their personal growth. As more people receive a huge amount of salary it raises their living standard and results in up-gradation of the monetary status of the nation. For example, in 2010 Chines government introduced a policy which focuses more on the living standard of its nations due to which it has become the second-largest economy in the world. However, I believe that this focus raises many other serious concerns not only to the country but all over the world.
a major disadvantage of giving more importance to economic growth is it gives rise to serious environmental concerns. This is to say that when more industries are established it contributes more towards polluting the atmosphere because industries are the main cause of air, water, and land pollution. For example, Ukraine government set goals to increase their GDP to significant levels but an annual report published by United Nations stated that annual contribution of Ukraine in polluting environment is 5% and they need to adopt sustainable development goals.
To conclude, the government of many states emphasizes more on economic development, although it reduces poverty among the nation.
It
is argued
that higher authorities of
many
nations
are focusing more on an upsurge of
economic
growth and giving
least
importance to the other issues. While the main advantage of this is the prosperity of the
nation
, I believe that excessive pollution is a serious drawback.
The primary benefit of focusing more on
economic
prosperity is that it results in a wealthier
nation
because
governmental elites emphasize on establishing more industries to increase their products.
In other words
, it
reduces
poverty by offering employment and giving high wages to the workers
so
that they flourish in terms of their personal growth. As more
people
receive a huge amount of salary it raises their living standard and results in up-gradation of the monetary status of the
nation
.
For example
, in 2010 Chines
government
introduced a policy which focuses more on the living standard of its
nations
due to which it has become the second-largest economy in the world.
However
, I believe that this focus raises
many
other serious concerns not
only
to the country
but
all over the world.
a
major disadvantage of giving more importance to
economic
growth is it gives rise to serious environmental concerns. This is to say that when more industries
are established
it contributes more towards polluting the atmosphere
because
industries are the main cause of air, water, and land pollution.
For example
, Ukraine
government
set goals to increase their GDP to significant levels
but
an annual report published by United
Nations
stated that annual contribution of Ukraine in polluting environment is
5% and
they need to adopt sustainable development goals.
To conclude
, the
government
of
many
states emphasizes more on
economic
development, although it
reduces
poverty among the
nation
.