Essay on the Use of Economic Development as a Tool for Political Stability

The use of economic development as a tool for political stability is the holy grail of many political analysts, global leaders, and economists. In essence the increase in the economic development of the country there is a corresponding increase in the political stability. War and civil unrest only thrive in economically unstable countries; Somalia is a modest example. Somalia, for instance, has been unable to attain peace as a country due to the poor economic activities in the country. People fight for limited resources; this is proven by the inexistence of multiple industries within the nation such as retail, banking, service industry, manufacturing, and agriculture. The lack of economic stability leads to an eventual drop in the nations political stability. Rapid economic growth is proven over and over again as a core factor in the improvement of the political stability of a country.

Is your time best spent reading someone else’s essay? Get a 100% original essay FROM A CERTIFIED WRITER!

Order now

The question on economic growth as a tool of political stability of a country has been a topic of controversy around the world. In other aspect economists and political analysts believe that economic growth can boost the political stability of the country, this is based on the explanation that citizens would have much more faith in the activities of the government. In other cases people believe that economic advancement can lead to political instability, this case can be deducted from a case where a countrys political ground is not firmly placed. The later brings out a clear topic that alludes to political instability based on uncontrolled rapid economic development where everyone wants to thrive from hence bringing out aspects of corruption and political instability. One has to put into consideration the aspect of the political transitioning of the state at the point in time where economic development is on the rise.

Political transition of a country can be described as a paradigm shift from the slow and traditional political structure to modern age political ruling. The paradigm shift is influenced greatly by the economic advancement of a given country. The patterns in political transitioning can be said to be influenced by the socio-economic changes that transcend over the nation. It is imperative to understand that political changes within the country are stochastic and may even be seen as long-term growth. In the case of rapid growth in economic development with a lag in political growth in a country, political instability immediately sets in. One has also they consider the vote and popularity function, which is the influence of the socio-economic development on the popularity of the government among the people. It is important to consider the above-mentioned factors influencing political stability based on economic development.

The increase of economic development of a nation means the advancement of the living standards of the citizens of a country. Economic development brings with it increased consumption among the citizens, consumption correlates with utility availability. The ease of access to utility products indicated the development of the living standards of the people. In such a case scenario, economic development would definitely boost political stability in the country. On the other hand increase in the number of public services such as health and educational services can help boost the confidence in the government among the people. It is imperative to acknowledge that the ability to access public services that aid in the elimination of diseases and bureaucracy in access of public services.

The other merit on rapid economic development is a reduction in the level of unemployment and poverty within the country. The increase in the economic growth of a nation means a reduction in the number of people looking for jobs. It is believed that empty cans make the worst noise, when a country is unstable financially it means that they are unable to provide job opportunities for its citizens. In this case, people remain idle hence increasing social ills like crime and instability. Just but to mention an example is France and Spain which are suffering from structural unemployment which means the inability to offer jobs despite the increase in economic development. The increase in the per capital income means an increase in the living stands of the people. The trust and belief in the government also help to build on the political stability of any nation.

Developing countries seeking out to foster political stability through the increase in economic development of the nation are on the right track. The biggest advantage of economic development is that as economic development also increases political stability also increases within the nation. Most developing nations are within Latin America, Europe, Africa and some Asian countries; these nations require a clear guideline on how to use economic development as a tool for political stability within the country. Economic advancement means the use of modern techniques and machinery in business which boost the amount of automation within the economic front.

Looking into the detrimental side of rapid economic development on the political stability of the nation. Due to increased number of induvial living above the poverty line means there are much more tax revenues going to the government. New taxation policies are usually developed upon a shift in the economic growth of a nation. Workers end up receiving a higher pay than the expected, this means that individuals pay more taxes to the government. When people only receive a small portion of the increased salaries due to taxation, people would think they are cheated by the government. In any case complaints about the advancement of economic growth vs. the amount of cash earned by individuals before the new taxation plans. Due to the above factors, political instability may kick into the country based on rapid economic growth.

The increase in the economic developments of a nation may mean an increase in criminal activities and social problems. Economic development comes with it envy. People are not usually jealous of individuals they are living their standards of life but by those who have presumably higher earnings. Improved livings standards mean the advancement in the shopping ability of individuals. As a matter of fact with economic advancement comes about a range of product to be bought, this, in the long run, increases social ills and criminal activities. With economic development, there is just too much to steal from people. Social ills would mean police patrols within the country, a dislike of the increased police patrols would mean lack of confidence in the ruling government. There is a common association between economic growths and an increase in social crimes. An increase in economic development means an increase in political stability or instability of the nation. A politically stable country should be able to handle all the major goings of the country be it economic development through agribusiness, textile and manufacturings industries.