To me i feel the financial stability of a country has little contribution to the welfare of a citizen, though there might be some positive outcome about that concerning job opportunities and all that, but I just have this feeling that someone can be in a developing country and also still be getting into debt and still get poorer. It might be due to some wrong choices or some wrong investments but not everyone would always be rich or would I say not everyone must be successful, I don't know if I'll say it's the rule of life as a whole, but it's something that's common. Some can even get the chance of hitting it big for a lifetime and still fumble the chance maybe due to unforseen circumstances or some misplaced priorities. Meanwhile some actually don't have the chance to make it big ever.
What's your take on this?
Where a country where everything seems to be working out perfectly fine on the economy I think it is certain that the level of suffering and poverty will be at the reduced rate because definitely when everything is working the average citizens will definitely be employed and working to earn a living so it will definitely be at a reduced rate, the level of poverty and suffering will be lower.
So from your caption if you ask me I will say for a system where the economy is working and everything is intact the citizens can never become poorer but rather it will savage the situation and reduce the rate of poverty.
It is not so easy to eliminate poverty for all citizens of a country if the economy is well managed. Economic growth alone does not bring its benefits to everyone equally. A country's trade and commerce may expand, but if the benefits of that growth are limited to only a certain class of people, then the living standards of the common people may not improve much. The economic development of a country brings real benefits to the common people only when there is sufficient employment and the prices of daily necessities are within the purchasing power of the common people. It is also important to ensure education, business opportunities and social security. The real economic development of a country should not be judged only by its total wealth. It is also necessary to consider how easy and safe the lives of the common people have become as a result of that development.
