relationship between democracy and economic growth has generated much controversy, research, and even bewilderment. If economic development is an expression of the level of development of societies, it will also be compatible with the level of democratic development. Democracy will become a catalyst and engine of economic and social development in society. To what extent does the economy affect the building of democracy? Is democracy a condition for economic development, or is economic development laying
underdeveloped? Does the political system like democracy and authoritarian bring in development? Does Democracy lead a development or does economic development first before democracy? These questions and many other academic questions surrounding the development issue are on the debate. Therefore this paper does not answer many of these questions but here I would like to present the effects caused by two prominent political systems of the world, Democracy and Authoritarianism. In this short easy we
Paul Collier, in his non-fiction work entitled The Bottom Billion, explores the reasons why fifty-eight developing countries are faced with stagnant or declining economic growth rates. These countries house the bottom one billion people in the world—the poorest of the poor—and are subject to “fourteenth-century conditions” while existing in a twenty-first century world (Collier 3). Collier argues that these countries, which are primarily in Africa and Central Asia but also exist in other world regions
INTRODUCTION The focus of this research is to understand the impact on our economy and direct foreign investments because of weak governance and political instability. The economic growth and political stability are interlinked, in this way uncertain political stability may result in less investments reducing or slowing the speed of economic growth in a country and contrary to this, political stability results in larger investments, gradually increasing the economy. The terms political instability
Persistence of Socio-economic inequalities in the post-apartheid era in South Africa: The impact of corruption on sustainable development goas. This paper seeks to ascertain the impact of corruption on sustainable development goals in the post-apartheid South Africa. The paper examines what impact has corruption had on the persistence of socio-economic inequalities in South Africa after gaining freedom from apartheid regime. Despite the fact that the legacy of apartheid regime has had an impact on the persistence
National development refers to political, industrial, socio-economic, technological growth or advancement, modernization, equal distribution of income and national resources to upgrade the living standards of people by using a country’s human, institutional and natural resources. Human resources are the invaluable asset of a nation. They are key driver and vital component for the development of any nation. Well informed and literate populace can make significant contributions in the progress and
liberalization and talks about bringing goodness at government, civil society and corporate sector including transnational corporations whereas Surendra Munshi finds issue in democracy, bureaucracy and industry. He puts representatives and bureaucrats in two different boxes claiming for working of bureaucracy and democracy separately. According to him good governance involves process, persons, principles and purpose. (Surendra Munshi.et.al, 2001, The intelligent person’s guide to good governance
within his piece “Was Democracy Just a Moment?” identifies his modern day view on the democratic principles a country should have to be deemed democratic. Kaplan believes that a country should already have a strong middle class, civil institutions, high rates of literacy and education, urbanization, low birth rates, a culture of political tolerance, strong and reliable bureaucratic institutions and a period of Western enlightenment. Kaplan does not see any form of democracy breeding without these
In their inclusive report entitled, ‘’Women Empowerment Principle: Equality suggests that Tourism’’ the UN Development Fund for Women (UNIFEM) and the UN Global Compact (2010) claim that empowering women to participate within the economic development at all levels and in all sectors is essential for building strong economies stable
revenue generated from tourism (WWF Nepal, 2013); thus the economic benefit of tourism on an indigenous community residing within Buffer zone area of CNP is negligible (CNP, 2015; Pradhanang, 2002). Furthermore, Banskota, Sharma, Sharma, & Rijal, (1996) study displays majority of employment related to tourism activities at CNP been taken up by non – locals, Bookbinder (1998) shows 61% of hotels owned by outsiders and distribution of tourism economic benefits confined to