Economic might is real might

Eassay Outline

1. Definition
2. Importance
3. Effects
4. American influence
5. Suggestions
6. Conclusion

Economic might means the power of trade, industry and development of wealth ’of a country. We all have read a large number of proverbs which depict the concept of economic might. “Might is right” and “Money makes the mare go” speak volumes about the supremacy of economic might.

From domestic level to the world affairs, economy is the sole decis1e factor at every front. In fact, most of the human activities are closely connected to economy. Economy is not only the backbone of a country but also the standard of a nation’s life depends upon its economic growth.

The populations of poor nations kick the bucket immature because they have wheelchair access to education, health, food, housing and other necessities of everyday life.

America is the only super power because of its robust economy. Third world countries cannot nullify undue American influence unless they strengthen their economies with their own resources and suitable policies. They cannot enjoy true freedom until they achieve economic stability. It is the high time to recognize that self-reliance and self-dependence, which come with vibrant economy, had become the only way to lead a dignified life.

God has endowed man with invaluable resources. Now it is up to us to explore them and utilize them economically to improve our condition. We must also maintain a balance between the growth and expense of our resources.

We must develop economic cooperation with industrial countries. The government must reform economic policy to boost up trade and industry in the country which may solve the problem of unemployment and poverty. The government should develop local industries. It should also seek new markets for the produce to gain foreign exchange. It must ensure quality control system to enhance the experts.

The current economic environment in the country is not encouraging due to the security reasons. We must ensure the condition of safety and security in the country to attract the foreign investors.

It is obvious that as a nation we cannot achieve prosperity unless the country gets stability economically. For economic growth, the government should devise an effective plan and implement it persistently so that the common man may get relief from the burden of poverty and deprivations.