The success of a country is often assessed by its economic power. Are there any other means or standards that measure a country’s success? or Economic progress is often used to measure a country’s success. Use your own experience and examples.
You should spend about 40 minutes on this task. Give reasons for your answer and include any relevant examples from your own knowledge or experience. You should write at least 250 words.
Economic progress is often used to measure a country’s success
Economic Progress And Success
Essay on Economic Progress
It is widely believed that a successful country is one with a thick wallet. However, a thorough scrutiny will reveal that there are many other parameters to assess the success of a nation, which are slightly less visible as compared to economic power.
The first among such such factors in the distribution of wealth among citizen. In many countries, there exist a wide disparity in the financial status of people. While some are extremely rich, the remaining people are as poor as a church mouse. India epitomizes this category. Though India has some of the world’s richest people and a strong economy, the country, overall, is yet not developed.
Yet another factor, in my opinion, is social security. There are many countries in the world, which are under constant siege by civil wars, internal conflicts, religious riots and other crimes of umpteen natures and proportions. Therefore, for a country, to be termed successful, it is highly necessary to ensure proper enforcement of rules and regulations.
Some other important factors which decide the success of a nation are the literacy rate, the health status of people, technological advancement, and gender equality. However, economic status is the main indicator of the success of a country. This is mainly because for all other key fields like education, health, and technology, money is required. In other words, only money can ensure the all-round development of a nation.
As a whole, one can undoubtedly say that money alone cannot ensure the success of a nation though it is the key component of success.
