It is argued that in some nations, the governing body / authorities give priority to economic growth as compared to the other concerns. While the main advantage of this approach is better living standards, I believe that it can affect health and education of the general public.
The primary advantage of prioritizing economic growth is that it can improve living standards and reduce the poverty rate. In other words, high average incomes enable consumers to enjoy more goods and services and a better lifestyle. This means that people will have more income that will eventually reduce the poverty rate. For example, a recent report published by the BBC suggested that economic growth in the twentieth century was a major factor in reducing absolute levels of poverty and enabling a rise in life expectancy.
However, economic growth alone will not suffice. Health and education are equally important. The major drawback of prioritizing economic growth is that it can have a negative impact on the environment. China, for example, is growing rapidly. Unfortunately, this is at the expense of the environment. The air quality is China is perhaps the lowest in the world. Fast growing Indian cities is no different. While economic growth is good, the resultant pollution can affect the health of the people. It can also destroy wildlife. Another issue is that when nations try too hard to grow financially, culture and morality may take a hit.
In conclusion, although prioritizing economic growth is beneficial because it increases the living standards and reduces the poverty rate, I believe that it has a negative impact on the environment and the health of people.
It
is argued
that in
some
nations, the governing body / authorities give priority to
economic
growth
as compared to the other concerns. While the main advantage of this approach is better living standards, I believe that it can affect
health
and education of the
general public
.
The primary advantage of prioritizing
economic
growth
is that it can
improve
living standards and
reduce
the
poverty
rate.
In other words
, high average incomes enable consumers to enjoy more
goods
and services and a better lifestyle. This means that
people
will have more income that will
eventually
reduce
the
poverty
rate.
For example
, a recent report published by the BBC suggested that
economic
growth
in the twentieth century was a major factor in reducing absolute levels of
poverty
and enabling a rise in life expectancy.
However
,
economic
growth
alone will not suffice.
Health
and education are
equally
important
. The major drawback of prioritizing
economic
growth
is that it can have a
negative
impact on the environment. China,
for example
, is growing
rapidly
. Unfortunately, this is at the expense of the environment. The air quality is China is perhaps the lowest in the world.
Fast
growing Indian cities is no
different
. While
economic
growth
is
good
, the resultant pollution can affect the
health
of the
people
. It can
also
destroy
wildlife. Another issue is that when nations try too
hard
to grow
financially
, culture and morality may take a hit.
In conclusion
, although prioritizing
economic
growth
is beneficial
because
it increases the living standards and
reduces
the
poverty
rate, I believe that it has a
negative
impact on the environment and the
health
of
people
.