This policy of economism focuses excessively on GDP growth while neglecting environmental protection and people's livelihoods.

economism 是由名词 economy（经济）加上后缀 -ism（表示"主义、学说"）构成的名词，指"经济主义"，即过分强调经济增长而忽视其他社会价值的倾向或政策。