Economic growth is a
fundamental requirement for the development of a country. For companies to
invest and an economy to grow, stable environments, efficient institutions,
functioning markets and access to sustainable financial services are all
required. It should be make absolutely clear in every body’s mind that their
exists an strong linkages between the economy of a country and its national
security so there is no two opinions about this. But economics matters very
much, and we ignore it at our own peril. Economics is like gravity, or math, or
politics — we may not understand it, or even think about it much, but it
profoundly affects us whether we like it or not. Economy effects the life of the
people every day u will see that if the economy is booming people will have
money in their pockets they will have been spending and u will see from their
faces they will look happy but if the economy is not doing well the social
unrest in an economy occurs daily so there is an direct link between economy and
the life of the people because what derives the economic cycle is people’s
behavior. As I have discussed in my previous article (Economic reform agenda)
https://www.hamariweb.com/articles/article.aspx?id=63863 Certain social and
Economic conditions become a Danger for the Society when they start asserting
negative influence on the society. Usually those social needs which persist in a
Society for long period of time turn into Socio-Economic Problems. Yet once we
understand that all human action is economic action, we understand that we can’t
escape or evade our responsibility to understand at least basic economics. To
think otherwise is to avoid responsibility for our own lives The major problems
of society are linked with the providence of basic necessitates of life to the
people making up the society especially Wealth serves as a back bone for the
overall progress of a nation. A Strong economy can ensure strong Defense; it
will enhance country’s power and hence will Strengthen national security I
myself believe that there are two strong pillars of national security “A strong
economy”; “A strong defense” but the chain of causation runs from the strong
economy to strong defense.
According to Paul Kennedy (A nations military strength rests on its economic
strength)
So what is basically a military strength? It is nothing but Power and how we can
define Power?
It is the ability to influence the behavior of others in accordance with the
ones aims and objectives for e.g. united states. Power can lead to prosperity
and prosperity may generate more power. In order to strengthen national
security, a nation needs to possess economic security as well as there is a huge
saying that “security means Development and without Development there is no
security”
Economic instability, back wordiness generates violence & social conflicts,
political turmoil and weakens National security.
Understanding at least the basic mechanisms of a nation's economy is essential
if one is to be a better-informed citizen; business man and voter. Economic
fluctuations can affect all or specific industries and, as such, the stability
of your job. Further, knowledge of the economy may influence your choice of
careers or encourage a decision to change occupations. economics, you can say,
is the backbone for how a society runs. Religion is merely an ornament to
society. Government makes decisions based on economics Even minor fluctuations
in an economy can have a knock-on effect at every level of society, and can
affect the job stability and future income, including the pension or retirement
fund, of just about anyone. Economy matters in an extent because what derives
the economic cycle is each and every person living in the societies spending &
Consuming mostly government decision and policies are affecting the households
and individual’s life. A strong Economy also ensures political and social
stability Which, in turns makes the economy stronger " Weak economy makes the
national security weak too Slower economic growth will fail to create enough
jobs when economy is growing at slower pace as compare to its population it does
not make one’s nations rich means the GDP per capita which is also well known by
the standard of living in any country real output per person because material
things are the key elements of Economic wellbeing. A country which is able to
produce more stuff with fewer resources is usually Able to obtain other
important things like Food, shelter clean water & freedom
In addition, people who live in countries with higher GDP per capita tend to be
more educated and live longer because in the long run countries standard of
living depends on three things THEIR SAVING RATES; POPULATION & PRODUCTIVITY
Nations with low level of productivity persisting in the workforce and high
levels of youth unemployment will face the high degree of criminality, rising
poverty, growing civil unrest, Social chaos & break down of law and order
because we have to remember one thing
Poor countries always remain poor until their institutions & Governance remains
poor.