Some countries may argue that financial growth is their primary target, whereas others believe that progress in other sectors ought to be given equal importance as well. I would say that progress in the form of a higher literacy rate of a nation is as important as economic development.
On the one hand, some people consider that financial stability is the reason why most nations focus all of their resources on economic progression. Because being stable in terms of the economy will ensure that the country is self-sufficient and not dependent on other external sources, countries or organisations for loans in order to sustain a better standard of living for their citizens. For instance, Pakistan takes loans of about 10 billion dollars yearly from the World Bank because their economy is not strong enough. If there was a strong focus on the economy the country would not take this exorbitant amount of loans and burden the present and upcoming generations with debts.
On the other hand, others, including me, support the view that if the governments pay as much attention to the educational sector, as to the economy, it will yield long-term benefits. Because illiteracy is the root cause of all social evils. By allocating budgets and focusing resources on education, it would result in a more prosperous country as it would curb unemployment, crime rate and would bring with it more investment opportunities as more people would be willing to invest in a peaceful country. Sweden is a prime example, where the literacy rate is 96 percent, and it has the lowest unemployment, crime rates and is the most favored destination for immigration purposes because of a better quality of life.
In conclusion, some people may view growth in the form of the economy as the number one goal for the development of a country, but I strongly believe in order to be a successful country one has to spend money on schools, colleges, and universities as it will prove beneficial in the long run.