Having more financial resources means being able to invest more into the country’s development such as through education, healthcare and the economy. With lesser financial means, funding cuts have to take place and there would be inadequate funding to the various sectors that requires it. As a result, progression for the country becomes slower.
A simple example would be needing to build housing for the citizens. Without enough finances, the government may only be able to build half of the required housing, leaving the rest homeless or in makeshift houses. This isn’t good for the country’s development as lack of stable housing means that it’s harder for people to find jobs (no proper mailing address/money for appropriate attire) and to have an education. Or the government may build all the needed infrastructure, but at a lower quality, compromising the citizens’ quality of life and in turn affects how developed the country is.
Hope this helps!
