Nowadays the administration of the various nations pays much higher attention to improve the economy, ignoring the rest of the issues. While ignoring other key issues may disappoint some people, when economy flourishes it improves the most of the aspects of their life.
On the one hand, the primary demerit of just focusing on growth with financial aspect is it deters the council to spend on public interest projects. In other words, if during the proposal of projects their feasibility is checked with respect to the financial gains, many times the projects which do not directly provide return on investment may suffer. For example, The National Health Service programme in the United Kingdom provides free health care to its citizens, if the Government will invest this money in building special economic zones or technology parks instead of public health care their citizens will be in trouble. However, with an increase in the income they can pay for it on their own.
On the other hand, the merit can be seen as with the improved economy the overall happiness index of the Nation improves. This is because, to boost the economy various steps needs to be taken like improving the public transport, creating more jobs, ease of doing business, this will improve the overall life of their citizens and brings economic prosperity. Hence, it will improve the overall standard of living. For instance, The UAE Government has spent an enormous amount of money on their infrastructure development and has implemented business friendly policies to attract the businesses throughout the world and today their local people have more jobs and incomes which was not the case before 20 years.
In conclusion, when the Governments give higher priorities to economic development rather than other issues even though its citizen might be unhappy with some aspects it can definitely improve their life in the long run.
Nowadays the administration of the various nations pays much higher attention to
improve
the
economy
, ignoring the rest of the issues. While ignoring
other
key issues may disappoint
some
people
, when
economy
flourishes it
improves
the most of the aspects of their life.
On the one hand, the primary demerit of
just
focusing on growth with financial aspect is it deters the council to spend on public interest projects. In
other
words, if during the proposal of projects their feasibility is
checked
with respect to the financial gains,
many
times the projects which do not
directly
provide return on investment may suffer.
For example
, The National Health Service
programme
in the United Kingdom provides free health care to its
citizens
, if the
Government
will invest this money in building special economic zones or technology parks
instead
of public health care their
citizens
will be in trouble.
However
, with an increase in the income they can pay for it on their
own
.
On the
other
hand, the merit can be
seen
as with the
improved
economy
the
overall
happiness index of the Nation
improves
. This is
because
, to boost the
economy
various steps needs to
be taken
like improving the public transport, creating more jobs,
ease
of doing business, this will
improve
the
overall
life of their
citizens
and brings economic prosperity.
Hence
, it will
improve
the
overall
standard of living.
For instance
, The UAE
Government
has spent an enormous amount of money on their infrastructure development and has implemented business friendly policies to attract the businesses throughout the world and
today
their local
people
have more jobs and incomes which was not the case
before
20 years.
In conclusion
, when the
Governments
give higher priorities to economic development
rather
than
other
issues
even though
its
citizen
might be unhappy with
some
aspects it can definitely
improve
their life in the long run.