Essay Gabriela Valdes 1 Chapter Question

India has a highly dynamic and entrepreneurial business environment (Ford, 2011). The freedom of democracy in India supports the country’s private enterprise greatly. India’s characteristics of sovereignty could very well succeed China’s Communist led, authoritarian growth model (Schuman, 2012).

A study conducted in Alberta, Canada, has identified a new dinosaur species, Ornithomimus (Science Daily, 2015). This discovery, made by an undergraduate paleontology student, unveiled a species with soft tissue as well as preserved tail feathers (Science Daily, 2015). Learning about the existence of this particular species has helped fill in unknown gaps about the convergent evolution between dinosaurs and ostriches (Science Daily, 2015). Due to sediment compaction, the obtained evidence of the feathers was crushed, however, by using technology, researchers determined a three-dimensional keratin structure to the feathers on the tail and body of the species (Science Daily, 2015).

Moral development of Scout and Jem in To Kill a Mockingbird To Kill a Mockingbird is a novel written by Harper Lee. Jem and Scout are two main characters in the book, they are Atticus’s children. The moral development of Scout and Jem in To Kill a Mockingbird was influenced by their father’s influence, Calpurnia’s influence, and the community’s influence. Scout and Jem were influenced by their father, Atticus Finch.

In 2015 India was ranked among the highest countries globally in consumer confidence, this comes after the International Monetary Fund estimated an economic growth of up to 7% annually for the next decade in India. But this hasn 't always been the case, in fact, it wasn 't so long ago that India was simply another colonized nation around the world, not to mention it 's usually rare to see this kind of economic growth in such a small period of time. The Effects of globalization, with an emphasis on open trade networks, and the Imperial developments of the late 19th century have led to the emergence and rise of India 's market-based economy. This growth has been affected in a very positive way over a span of centuries by a combination of stronger economic developments brought about by a massive increase in the countries labor force and the emphasis on education and self-governance. An exposure to both the Western economic systems during the imperial age until their independence in 1947 and their subsequent involvement in the Asian, Middle Eastern and African trade routes from the late 15th century placed India in an economic equilibrium where they were able to benefit from both worlds and become one of the fastest growing economies.

3. Based on this case and what we discussed in class, what is the relationship of corruption, a public action violation, on economic development?

First of all, this followed a period of more indirect political control from the British East India Company that was established progressively, starting in Bengal around 1757. (Banerjee, A., & Iyer, L.2005)For the period of this time, the Indian subcontinent experienced an amount of momentous structural changes to its economic and political schemes. Even though many of these procedures were legitimately transported to an end upon independence in August 1947, it is apparent that the prolonged period of overseas control had influences that insist in contemporary India. The effects of the British raj are methodically recognized and their legacies for India’s growth. As India was divided into a number of states after independence, the focus will be on what is now the

In the early 1990s, there was economic growth due to industrial deregulation and reduced controls on foreign trade and investment (“Central Intelligence Agency”). India is similar to Iran in this way because Iran also worked to make economic changes in the 1990s. Both reduced how much control and power each government had within their economies; for Iran it was subsidies and for India it was reducing controls on foreign trade. India’s economy has also undergone privatization of what were once

While corruption is said to generate inefficiency and retard growth in a country (Ackerman, 1997), China manages to deliver astronomical economic growth amidst rampant corruption (Li, Peng, 2001). To explain China’s puzzle, the essay first focuses on the causes of corruption and why it has yet to be eradicated, and then analyzes its economic impact in the short and long run.

This may have been due largely to industrialisation policies and the 'green revolution '.8 The fundamental premise was that: ... growth should be accompanied by social justice and this should be achieved in a way that made India self-sufficient... . [Eventually] imports were severely controlled and were subject in many cases to quantitative restrictions, and in all cases to very high tariffs, which, at their peak, had reached a maximum level of 350%.9 1.9 Between 1951 and 1993, India’s share of world trade plunged from 2.4 to 0.5 percent owing to Nehru 's reliance on central planning as an economic policy.10 This highly regulated, over-bureaucratised system severely inhibited competition, innovation, efficiency and economic growth. Trade policies were designed to protect local industries from external competition through high subsidies and tariffs. 1.10 As well as decreasing levels of trade participation with countries other than the USSR, India had become increasingly reliant on the USSR for technological and capital inputs. Moreover, according to DFAT:

The problem of this study is to explore the effects of corruption on the economic growth in Kenya. Corruption cases reported to KACC increased by 16 % from 3637 in 2,008 to 4473 in 2009 (economic survey 2010). Corruption affects both the nation and the individual. At the national level, corruption has led to poor economic performance. This has resulted in: increased taxation burdens on Kenyans; unplanned, misdirected expenditure on projects

     There are several reasons behind the emergence of the phenomenon of corruption and outbreaks in communities. There are nearly unanimity on the fact that this phenomenon is negative behavior. One of the reasons for people to turn towards to corruption is to make more finance, and others to engage in corruption, dreaming of more strength. However, the main reason that allowed people to engage in corruption and enjoy it is the weakness of government censorship.

Firstly, it challenges the state capacity in ensuring equality among the whole society. In most cases of corruption, wealth is concentrated in the hands of a minority of population as money and properties go to the pockets of those who have power and position. Vice versa, good positions and promotions are given to those who have money instead of genuine ability. The burden of corruption falls on the poor since they are not able to afford the bribes to get good education, health care and other services (Myint 2000). Secondly, corruption, by creating inequality within the society also reduces the legitimacy of the government in the eyes of its citizens. A government which is seriously corrupted is hardly able to implement laws and policies efficiently. Moreover, the capacity of the state to invest in national projects is also diminished because of serious losses of revenues caused by corruption. Businesses and companies in Vietnam pay bribes to get reduction of taxes, fees, dues, custom duties and public utility charges such as for water and electricity (Myint, 49). Thus, in direct or indirect ways, corruption is still a great challenge to the state capacity of Vietnam that both the government and citizens are for years trying to find a resolution.

On the 15th of August, 1947, India awoke to freedom and democracy, when the British passed on the controls of ‘the brightest jewel in the crown’ (as India was lovingly called) to the Indian people. The Indian subcontinent has been invaded since time immemorial for the riches the land held. It is often said that trading with India and conquering it was a great deal to the Europeans. For the British to reign the country for so long, which became dominant primarily after several wars and diplomatic issues in Indian as well as Europe, was a source of pride. It established them as superior to the Dutch, French and Portuguese. However, if India indeed is a country of such abundance, and has been a free country for so long, why is it still counted amongst low income countries? In this paper, I make an attempt to evaluate how India’s economic policies and growth have changed since independence.

Sectorial changes in Indian Economy with reference to Liberalization, Privatization & Globalization post 1991 - The social sectors, Poverty and Reform

By the start of changes to free up the Indian economy in July 1991, a new-fangled episode has a start for India and her more than billions inhabitants. This era of economic change has had a marvelous force on the whole economic progress about all major division of the economy, and its results in the prior decade can barely unnoticed. Besides, it further marks the beginning of true amalgamation of the Indian economy into the worldwide economy.