What is the relationship between economic growth and social development?
Economic growth of the country directly affects the ability of the government to improve the social development of citizens in this country. Economic growth and social development are firmly correlated because the country needs money to improve living conditions for citizens. Many people disagree if prosperity should be earned or inherited. Economic growth and social development require a gentle balance of economic growth with moral social responsibility.
As nations grow, social development should become an important goal. This development usually includes infrastructure, medicine, housing, education and improved food quality for society. Economic growth and social development are dependent on each other because the country cannot afford social development without financial capital. The government must be willing to spend new money on improving social development of citizens.
The final goal in social development is to improve the well -being of all the people in society. Social development requires improvement of available food and clean drinking water. This typeInfrastructure is available in most large cities around the world, but it is very expensive for developing countries. Global economic growth has helped many nations to have the necessary funds for clean drinking water and proper waste water hygiene.
dictatorship will probably not have strong social development goals. This type of government usually adheres to the rules and laws based on the objectives of an individual or family dynasty. These governments are generally more selfish and designed to make the ruler to the rich. Dictators can share some national resources with their people, but generally use them for themselves and their families.
Social development should improve with the improvement of the country's financial abilities. This development usually lasts several ten years and requires careful planning. Economic growth and social development are dependent on each other because the country needs economic growth in order to pay for basic needsInfrastructures that support the social development of the nation.
economic growth is decisive for business innovations. Governments that help businesses are likely to improve financially. This additional income is later collected through taxes that can be used to help the social development of citizens.
Social development is a moral duty for all countries, but it is also necessary for the country to remain competitive. A country that focuses on improved education and social health is a country that invests in the future of society. This approach ensures that the country will continue to grow for many decades, because people will be healthier and better trained to create new ideas for continuing growth.
Without economic growth, the country may not have a financial resource to help with social development. Most third world countries seek to provide support for basic social development infrastructure. The government can only help citizens when it has enough money and peopleCapital to improve infrastructure. Until this capital is increased, the country will continue to fight the needs of social development.