What role does economic policy play in political stability? 🔊
Economic policy is vital for political stability as it directly affects economic growth, employment, and social welfare. Effective policies that promote economic health can build public confidence in government, leading to increased political support and stability. Conversely, poor economic management can lead to discontent, civil unrest, and challenges to governmental authority. Sustainable economic practices that prioritize equity and growth help foster social cohesion and trust in political institutions. As such, policymakers must carefully devise policies that balance economic goals with social objectives to maintain overall political stability.
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