Why Nations Fail In their book, Why Nations Fail, Daron Acemoglu and James Robinson explain that some nations fail and others succeed because of their political institutions, their economic institutions, and the contingent path of history. The authors also knock down popular alternative theories as to why nations fail. They argue that geography, culture, and ignorance are not the keys to a nation’s economic success or failure. Next, they discuss how extractive political and economic institutions prevent a nation from achieving any long-term national growth. This is not to say that nations with extractive institutions cannot achieve any growth.
It becomes a problem when it comes to having to make a win, win situation between the two. But for the sake of economic development the authority of the nation-state is forced to oblige and satisfy the foreign agencies. This tendency invariably undermines democracy because the government’s accountability to elector¬ate receives is usually ignored. Globalization has not been able to reduce economic inequalities and even in most of the countries it has aggravated a great difference in the field of income
2. Integrity In expertise security, data integrity way maintaining and assuring the accuracy and completeness of information over its entire life-cycle. Because of this knowledge cannot be modified in an unauthorized or undetected method. This is not the same thing as referential integrity in databases, although it can be seen as a particular case of consistency as understood within the classic ACID mannequin of transaction processing. Know-how safety techniques mostly furnish message integrity in addition to knowledge confidentiality.
That which fulfill the needs in the society and provide appropriate and long-term solutions to them. As we will see in this paper one of the means of poverty eradication is through proper education, an education that keeps the soul happy. The solution comes with the change of mentality and readiness to embrace the relevant practical needs in the production process. The capacity of knowledge is indeed in everyone mind, the mind only needs to be oriented through education according to plato in the republic 518c. This study will evaluate the role of education according to Plato in solving food shortage among the Kamba community.
GNH according to Adelman, 1989 is a “multi-dimensional development approach that seeks to achieve a harmonious balance between material well-being and the spiritual, emotional and cultural needs of our society.” GNHC (Gross National Happiness Commission) is the Central Planning agency of the Government that identifies and recommends priorities, allocation of resources, setting of targets, and co-ordinates, monitors and evaluates policies and programs. The Commission is responsible for operationalizing GNH by mainstreaming its elements into our plans and programs. (Gross National Happiness. Retrieved from http://www.grossnationalhappiness.com/) GNH(Gross National Happiness) was coined in 1972 by Bhutan's fourth Druk Gyalpo King Jigme Singye
It also shows that a well-functioning economy is a prerequisite to achieving broad-based prosperity, which is crucial if a government is to achieve legitimacy among its population (Busari, 2001). Olayiwola (2001) states that there is a direct relationship between democratic development and economic prosperity, yet the importance of this link is often relegated to an afterthought when considering political and institutional reform. Countries in transition towards democracy, or, as in the case
In the mid 1970’s, Bhutan is suddenly thronged open to the outside world. Started trade linked with India and started importing cheap subsidies goods from India, which affects our local economy. Despite this, the modern lifestyle has also some impact on Bhutanese economy. According to the article from the Journal of Bhutan Studies (2011), the process of economic modernization involves urbanization and industrialization and other changes include the adaptation of scientific technology and market economy resulting in a fundamental shift in people’s value, attitudes and expectations as a response to early reaching implications on the lives of the Bhutanese people in so far as it presented a distinct break from the isolated medieval past and ushered Bhutan into the modern world (JBS, 2011). Even this point is also supports by the Wangyel, (2011) as a result of economic modernization and the initiation of planned economic development, there has been a tremendous improvement in the living standards of the Bhutanese people and Bhutan has also established diplomatic and trade links with many countries and is a member of many international organizations including the United Nations (Wangyel.
Human Development Index (HDI) is a metric through which United Nations takes an emphasis of the development of the countries through their health, educational well-being and their economic growth. It can rank from 0 (undeveloped poor countries) to 1 (very rich and developed countries). Sustainable Human Development means creating same opportunities for the generations same as those for the parents. The concept of HDI was given at the World Bank by a Pakistan national and an economist, Mahboob-ul-Haq in accordance with the Indian economist, Amartya Sen the 1970s. He said that basically development means improving people’s lives.
Top buyers from US and Europe involve themselves in new product & design innovation, distribution, which adds significantly high value. As a result, they obtain the large portion of the profit. Nepalese RMG sector is involved in ‘production’ activities in the low value added phase. According to this study, it is suggesting that for Nepalese RMG, production and nominal amount of supplies are only the plausible area to participate in the global RMG trade. So, it concludes that RMG sector of Nepal should focus more on increasing productivity by capitalizing on the cheap labor and minimizing the lead time.
One argument for the creation of smaller states is development-based, with the understanding that smaller units are easier to administer, thus leading to economic, social and political development. India’s industrial growth in recent decades has accentuated the stark economic inequalities within the country. This may have, in part, resulted in the demand for the creation of smaller states. Keeping these aspirations in mind, Chhattisgarh, Uttaranchal, and Jharkhand were carved out of Madhya Pradesh, Uttar Pradesh and Bihar respectively in 2000. In the hope of understanding the nuances of the relationship between smaller states and overall development, this paper will investigate the state’s response to Naxalism in the context of Chhattisgarh.