Wealth and Welfare Essay Example | Topics and Well Written Essays - 250 words

Wealth and Welfare - Essay ExampleAccording to IMF (2004), countries with a favorable welfare for their citizens tend to generate to a greater extent wealthiness than countries with poor welfare for their citizens. A look at the CIAs World Fact book and the ranking of countries under global get out tone index, it shows that there is an indirect relationship between wealth and welfare (CIA, 2015 OECD, 2015). There are several other factors to consider when assessing a countrys wealth and welfare, but the fact remains that each is a contributing factor to the other such that a country with the highest wealth may not endure the best welfare, but the range of countries ranked highest in wealth are also those within the group with the best welfare.Going back to the IMF findings, governments should focus their efforts on addressing welfare rather than focusing more on projects that will increase the countrys wealth. Citizens with a good welfare are more believably to be proactive and contribute more towards the countrys wealth. In this perspective, I would support British Prime Minister David Camerons view that it is better to focus more on the people well-being rather than purely on economic criteria (Jordans,