Why growth is good - Essay ExampleThis essay discusses that in the beginning of the article Why Growth is Good, the author frankly asserts, “Economic growth is slowing in the United States. It’s also slowing in Japan, France, Britain, Italy, Spain, and Canada. It’s even slowing in China.†Apparently, this claim has not been statistically interpreted or supported in the article which may be regarded as a significant drawback. Yet, the claim is simple and has a well defined argument. We can see in our day-to-day experience that in the developed countries, demands are lowering, unemployment is increasing and no significant industrial start-up is taking place. The next important claim is that Gross Domestic Product (GDP) is a very important standard in measuring the socio-economic situation of a country. Unfortunately, the writer has not provided with a contextual definition of GDP anywhere in the article. Also, the writer is apparently not much worried about the controversies regarding GDP, while academicians are debating over it more and more.
