Journal of Economic Perspectives—Volume 19‚ Number 3—Summer 2005—Pages 19 – 42 Eight Questions about Corruption Jakob Svensson S ome years ago I interviewed the chief executive officer of a successful Thai manufacturing firm as part of a pilot survey project. While trying to figure out a good way to quantify the firm’s experience with government regulations and corruption in the foreign trade sector‚ the CEO exclaimed: “I hope to be reborn as a custom official.” When a well-paid CEO wishes
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topic— “Corruption-greatest obstacle for the growth and development of our country.” Corruption is the abuse of entrusted power for private gain‚ is the single greatest obstacle to economic and social development around the world. Political corruption is the use of legislated powers by government officials for illegitimate private gain. Misuse of government power for other purposes‚ such as repression of political opponents and police brutality‚ is not considered political corruption. An illegal
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1. Why is the assumption of land as a homogenous factor of production no longer considered tenable? In classical economics‚ land along with labor and capital are considered as one of the factors of production. Land is often regarded as the original factor of production because it is found in nature and therefore not produces and cannot be derived from anything else. As a natural good‚ land was considered the source of wealth thus agriculture was the only sector that could increase it. Thus
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Economic Reforms of the Banking Sector In India Indian banking sector has undergone major changes and reforms during economic reforms. Though it was a part of overall economic reforms‚ it has changed the very functioning of Indian banks. This reform have not only influenced the productivity and efficiency of many of the Indian Banks‚ but has left everlasting footprints on the working of the banking sector in India. Let us get acquainted with some of the important reforms in the banking sector
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Economic development flourishes our life，but our environment is deteriorating with the growth of the economy. The present serious environmental problems are largely caused by rapid economic development. For example‚ land resource are shrinking because of industrial environment and the expansion of cites. We excessively exploit nature and ecology‚ which is threading future generation. We shouldn’t sacrifice environment to develop economy‚ because if we sacrifice the environment for economic development
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different perspective and influence is very powerful. What do I mean by this? I mean as I went through blogs online about the movie there were several people who think that many of the precincts in New York City are corrupt. Now I’m sure there is corruption in the New York police system but you know what‚ it’s everywhere as well. Not just New York. Blogging is a new system online now for people to put down their thoughts and feeling about things and it’s a very depressing thing to read sometimes. Every
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Evidence in Development: Does Fair Trade support development? Fair Trade is a charitable organisation that was founded in 1992 in order to promote sustainable production whilst fulfilling the farmer’s full potential in a fair and ethical way. Fair Trade have become a successful and well-known brand in a relatively short space of time‚ with Fair Trade products being sold in more than 125 countries and UK figures on Fair Trade sales reaching £1.5 billion in 2012.(Fair Trade ) Part of the reason
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PERFORMANCE OF DEVELOPMENT FINANCIAL INSTITUTIONS IN INDIA EVOLUTION: After the end of World War-II there was great need for speedy industrial expansion in the whole world. Both winners and losers had to resurrect and to rebuild their economies from the ruins of war. Development Financial Institurions (DFI) were set up in almost all the countries of the world and the models were suited to their economic‚ social and cultural values. Similarly in India there was scarcity of finance which was a
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Social capital refers to the connection between social networks and how economical valuable they can be. The negative effect of social capital sometime stems from the environment or the individual’s mental health. These two things could potentially shape someone’s growth and economic prosperity. Something to take into account is the negative effect of social capital that stems the environment. To start‚ A crime improvise neighborhood would probably not the best place to gain social capital
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authorities estimate that in 1999‚ there were roughly 12‚000 cases of child abuse filed (Velayo‚ 2006). The department of social welfare and development (DSWD) documented an increase of such cases from 1991 to 1997. The effects of child abuse include physical‚ mental‚ and social effects. Physical effects pertain to the body‚ the tendency to touch‚ or to be rough. The physical effects of child abuse include unusual bruises‚ injuries‚ and unexplained burns (Barrier‚ 2006). Some of these may take the shape
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