Meritocracy is a concept that has stood the test of time. It is not a mere idea that has been written in some book but rather a tried and tested system that has been proven to work. This system has been implemented in various cultures and has been a stepping stone for their economic growth. An example of a country that has adopted meritocracy as a crucial aspect of their success story is China. China has used the competitive and rigorous educational system to attract and retain talented individuals who represent the best in their field.
Furthermore, the United Kingdom is recognising the importance of meritocracy in driving economic growth. A merit-based system enables the retention of a highly skilled workforce that leads to innovation and productivity. Apart from promoting fairness, meritocracy reduces income inequality, which is a significant hindrance to economic growth. Critics may argue that this system creates a situation where only the winners benefit, but in reality, it provides an environment in which high-skilled individuals flourish and, consequently, improve society as a whole. Hence, it can be said that the system of meritocracy is a valuable asset for achieving economic growth and development in any society.
