Waheed Does Political Corruption affect Economic Growth in Transitional Democracies? The call for democracy in the name of economic growth and prosperity has never been louder than it is today. Recent movements such as the “Arab Spring” are attempts to establish a democratic system of government in countries where authoritarians‚ bribery‚ and abject poverty are widespread. According Nye (2009)‚ a professor of economics at Washington University in St. Louis‚ economic growth has a direct effect
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CORRUPTION Corruption is defined as the misuse of any power of public consequence for private gain. Corruption is not something new‚ as per Arthasastra of Kautilya ( around 3rd century B.C) : “Just as it is impossible not to taste the honey(or the poison) that finds itself at the tip of the tongue‚ so it is impossible for a government servant not to eat up‚ atleast‚ a bit of the king’s revenue.” “Just as fish moving under water cannot possibly be found out either as drinking or not drinking
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Media corruption - other side of the coin ‘Whoever controls the media‚ controls the mind” In today’s world‚ the media has become a necessity just like food‚ clothing‚ and shelter. The media was ideally designed to be impartial and unbiased – to provide information‚ news‚ and knowledge that is objective and socially constructive. Unfortunately‚ in recent times‚ because of its money making approach the media has adopted a biased approach that is benefitting politicians and the corporate leaders
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GRAFT AND CORRUPTION A Report On the Subject Public Personnel Management Masters in Government Management Pamantasan ng Lungsod ng Maynila August 3‚ 2003 DEFINITION GRAFT AND CORRUPTION WHAT IS the exact definition of Graft and Corruption? GRAFT - is the acquisition of gain or advantage through abuse or misuse of one‘s position or influence‚ whether in politics‚ business or any other undertaking. It is an act performed by a civil servant or a group of civil servants‚ acting alone by himself
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means for enhancing the lives of the poor and therefore a major tool for economic and social development mostly in rural areas. Lately‚ contrary to this widespread belief‚ critics have raised eyebrows against this growing popularity of microfinance as a major tool for enhancing economic development. Contrary to belief‚ they are of the opinion that microfinance is a ‘make-belief’ that is hindering economic and social development rather than enhancing it. It is to this regard and in light of these growing
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The main forms of corruption are bribery‚ fraud‚ embezzlement and extortion. These concepts do sometimes overlap‚ but through them‚ some of the basic characteristics of corruption can be identified. The reason why young people should fight corruption has to do with the fact that it destroys the system of values in society. Youth is part of civil society and carries the future in its hand and the fact that you are able to look at society in a refreshing way allows you to find alternative solutions
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1.The Role of entrepreneurship in economic development of a country An entrepreneur can be regarded as a person‚ who has the initiative skill and motivation to set up a business or enterprise of his own and who always looks for high achievements. He is the catalyst for social change and works for the common good. They look for opportunities‚ identify them and seize them mainly for economic gains. An action oriented entrepreneur is a highly calculative individual who is always willing to undertake
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ECONOMIC GROWTH AND DEVELOPMENT Introduction Economies grow and develop‚ they expand and advance‚ and they progress and prosper. There are phases when they decline too‚ and there are economies that experience continuous decay. If one considers long stretches of human history‚ one knows that economies (civilizations) disappeared altogether. We will not take into account such long stretches of time. We shall not consider too distant a past either. We will leave them to historians‚ may be‚ economic
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in the economic development of countries is often overlooked by economists‚ yet it can significantly affect a country’s economic development. Culture generates assets‚ such as skills‚ products‚ expression‚ and insight that contribute to the social and economic well being of the community. I will show the benefit of culture’s impact on economic development through tourism‚ social capital‚ and corporate governance. In contrast‚ culture can produce negative outcomes in economic development. Cultural
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Shell Oil in Nigeria 1. What are some of the factors explaining why corruption and bribery are so high in Nigeria? Nigeria is considered to be one of the most corrupt countries in the world. Many different forms of corruption are familiar to Nigeria including political corruption‚ bureaucratic corruption‚ electoral corruption‚ embezzlement‚ and bribery. Corruption has even been said to be a viable enterprise in Nigeria due to the involvement of citizens‚ government officials‚ and private
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