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

Wealth and Welfargon - assay ExampleAccording to IMF (2004), countries with a favorable eudaemonia for their citizens tend to generate to a greater extent wealth than countries with short welfare for their citizens. A look at the CIAs World Fact book and the ranking of countries chthonian global better life index, it shows that there is an indirect relationship between wealth and welfare (CIA, 2015 OECD, 2015). thither 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 have 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 sooner than focusing more on projects that will increase the countrys wealth. Citizens with a good welfare are more likely to be proactive and c ontribute 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,