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Bureaucratic Reform

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In general, when there is a presence of natural resource wealth, autocracies outperform democracies. This results from resource-rich democracies underinvesting their surplus, choosing instead to focus on elections and electoral competition. Autocracies, however, choose to utilize surplus wealth in corrupt ways, which, like a democracy, fails to invest in society. In resource-rich societies, investment “is particularly important since this is how the resource surplus can be transformed into sustained increases in income” (Collier, 2007; Pg. 42). The few resource-rich, developing countries that have managed to avoid the resource curse can contribute their success to the ways in which their political institutions interact with their resource wealth. At this point, attempting to invest resource …show more content…

It is a constant setback that if unresolved, will continue to hurt all aspects of life in Cornucopia. In taking on the task of a complete bureaucratic reformation, this country would be monumentally more equipped to reduce poverty and reverse our past economic defeats. A first step in reducing corruption should be creating an unprecedented amount of transparency within our bureaucratic system. Greater transparency works to increase a high level of accountability and information disclosure, which incentivizes better performance. The more open and transparent the process, the less opportunity it will provide for malfeasance and abuse. Additionally, because “corrupt individuals respond to incentives and the threat of punishment, even in corrupt environments,” it would be beneficial to craft a legal framework that delivers strict punishment for corruption crimes. In accomplishing a complete bureaucratic reform, Cornucopia will be far more capable of implementing the suggested proposals, and taking its first steps toward economic prosperity and poverty

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