Word: growth
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Numerous studies have found a strong correlation between high corruption and lower economic growth, as corruption creates an invisible tax on all economic activity. It hurts trade, investment, the effectiveness of government expenditure, and, critically for developing countries, the prospects of innovation. This problem is very salient in India today; the 2009 Transparency International Corruption Perceptions Index ranks India as a dismal 84th, a distressing result for the world’s second-fastest growing economy...
...economic affairs, he has revived another concept from his grandfather - fraternity - which has translated into a menu of new initiatives aimed at building a more extensive welfare system. That, Hatoyama believes, will bolster consumer confidence and get Japanese, usually big-time savers, to spend more and revive economic growth. In the most recent budget, he has moved spending priorities away from the usual pork-barrel stimulus and toward social services like education. As he puts it, "We will be spending not on concrete but on people." In March, the Diet, Japan's parliament, passed legislation promised by Hatoyama to provide...
...They are not alone. Although there are exceptions, the good news is African countries are increasingly well governed, as the Mo Ibrahim index, measuring good governance in Africa, shows. Dramatic change is possible. Witness the strides made in Rwanda over the past 15 years: strong economic growth and positive social change, including bringing deaths from malaria under control...
...Gleneagles in 2005. Every day since, the donor aid given to developing countries has been saving thousands of lives. But such measures are not the whole answer to Africa's challenges. In the future, African countries should aim not to need development assistance. Good governance and sustained economic growth are key to eradicating poverty. That's the basis of the Africa Governance Initiative. (See pictures of Tony Blair...
...clearly identified in the conference program in connection with the talk. In Kramer’s presentation, he suggested that Israel’s current economic blockade of Gaza, now in its fourth year, represents a successful effort to “break Gaza’s runaway population growth.” He therefore argued against what he called “pro-natal subsidies” of food, medicine, and humanitarian aid that help to reproduce the “constant supply of superfluous young men” demanded by a so-called “culture...