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In addition, corruption tends to increase with poverty. Thus, the richer countries tend to be significantly less corrupt than the poorer nations. It has been discerned that corruption is one of the cardinal causes for bringing about the downfall of economic progress in the developing nations. Some of the questions that naturally arise, with regard to corruption are given in the sequel. First, what is the damage caused by corruption and what constitute the best methods for eradicating corruption from institutions. Second, can the promotion of whistle-blowing lead to the desired consequences. Third, does the facilitation of transparency and the provision of advice to citizens regarding the submission of complaints, and the introduction of institutions to deal with the resulting cases, provide pragmatic and tangible solutions (Global Economic Symposium, 2014).
As such, the system of corruption tends to be pervasive and very powerful in the developing nations. Any person who opposes corruption is sidelined. In fact, civil servants who oppose corrupt practices are dismissed from service, after being falsely implicated and charged for offences that they have not committed. A businessman who opposes the corrupt bureaucracy is compelled to overcome obstacles at every stage of his enterprise (Hors, 2000).
It is in this milieu that the civil service of the developing nations is regarded as the least risky option for acquiring enormous wealth in a very short time. The majority of the citizens do not believe that the civil service has been constituted with the objective of implementing their rights. The developing nations have monolithic bureaucracies. The latter are governed by arcane procedures and rules that promote confusion and provide various interpretations. This leeway proves to be of great benefit to the corrupt bureaucracy, which takes decisions or
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The study focuses on issues facing the country especially its economic development under this regime. Some of the undertakings of the government were unrealistic given the poor economic state in the country and the people had not power to protest against such. This made life harder for the poor. The military government also seemed to rob the nation or at least, permitted the robbing.
Economic Development in South East Asia Student’s Names Institution’s Name Abstract The economic outlay of South East Asia reveals diverse yet unifying similarities regarding policy issues, socio-political background, and development strategy. A sound grasp of globalization demands itemized analysis of the region in question in view of its socio-economic and political identity, from the relevant past to the foreseeable future.
The country also ranks 168 out of 171 in the list of measuring public health. This leads to approximately 1 million deaths in India every year and wastage of almost 1 percent of the GDP. Amongst international school feeding programs, Mid Day Meal programme in India caters to millions of people find food.
Japan also leads in GDP per capita among East Asian economies, with almost US$50,000 in 2000, followed by Singapore at US$30,000.In contrast, Mainland China’s GDP per capita was less than US$900 in 2000 (Lau, 2003, p.4)
Furthermore, Brazil is five times larger in real GDP than Argentina. Economic indicators used include availability of natural resources, Gross Domestic Product (GDP), unemployment rates, budget, inflation rate, international trade, exchange rate regime, interest rates, sectors, country’s investment and energy.
"The two-tier model on one hand highlights the situation when labour from the traditional agricultural sector migrates towards the modern capitalist sector attracted by the higher wages but they are followed by competition in which the profits accruing in the modern sector provide the growing volume of savings which finances the formation of capital for expansion".
These range from earthquakes and tsunamis to typhoons, floods especially places receiving heavy rains, volcanic eruptions, mudslides, hurricanes and extensive earth movements, to droughts and famines. Disasters have far-reaching effects on various aspects including loss of lives and livelihoods, destruction of infrastructure, disease out breaks, destruction of social and economic structures in their wake.
Economic development can be considered as the process of economic transformation relating to structural changes of an economy by means of industrialization, the increment of Gross Domestic Product (GDP) as well as income per capita. Many scholars have put forward different definitions of economic development.
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