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) 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.
