Some people think that economic progress is the only way to measure a country’s success, while others think that there are other factors which can be used to measure a country’s success. What are these factors? And among them, which one is more important than others?

Some people think that economic progress is the only way to measure a country’s success,
while others think that there are other factors which can be used to measure a country’s
success. What are these factors? And among them, which one is more important than
others?


[shc_shortcode class=”shc_mybox”]It is irrefutable that economic progress is one yardstick of determining a country’s success,
but there is a range of other non economic factors such as availability of nutrition, primary
health care and literacy rate which can be used to judge the well being of a nation. This
essay shall delve into all such factors and also pick out the most significant one.

Economic progress or, in other words, the GDP has traditionally been the benchmark for
determining the growth of a country. The true measure of success, however, is to
determine how much of this economic growth is reaching the weakest sections of the
society. A successful measure of development should represent the life of an average
person in a country. It should measure the quality of life of all citizens.

One important factor is the Primary Health Care. If people receive good healthcare at the
primary level, they are happier. Their productivity of work increases and they lead a
comfortable life. Another factor is the literacy rate. For example, a country like Cuba has
low GDP but less than 1% of its population is illiterate. As a consequence there is less crime
and hence people enjoy a peaceful existence.

Furthermore, the Environmental Performance Index (EPI) is also an index of mapping the
success. For instance, Costa Rica has a low GDP, but its people are considered to be the
happiest in the world. This is perhaps because it ranks 5th in the world in the EPI.

To put in a nutshell, I pen down saying that Literacy Rate is the most important factor to
measure the success of a nation. GDP is just a mathematical value and does not take into
consideration many of the factors that affect a person’s well-being and thus a nation’s well
being. Some people think that economic progress is the only way to measure

Some people think that economic progress is the only way to measure

Some people think that economic progress is the only way to measure

Some people think that economic progress is the only way to measure

[/shc_shortcode]

 

Leave a Reply

IELTS FEVER © 2016-2017 manpreet