The Presence of Corruption in Bangladesh

1. List all the different types of bribes, payments, or favors represented in this case under (a) FCPA, (b) Criminal Law of PRC, and (c) Law against Unfair Competition of the PRC. Why is each either legal or illegal?

Kleptocracy is defined as a state controlled to benefit an individual or small group who use their power to gain “a large fraction of society’s resources” to use for themselves. Kleptocracy “obstruct[s] development” of countries because the money taxpayers entrust to further develop their country through projects such as schools or infrastructure, becomes diverted to certain people for their own personal gain. Daron Acemoglu, Thierry Verdier, and James A. Robinson, writers for the Journal of the European Economic Association, established that kleptocracy runs rampant in “many developing countries.” As a result of this corruption, countries suffer “highly inefficient economic policies” and “expropriated the wealth of their citizens.”

Because power is a highly coveted asset, corruption is often intertwined with the journey in acquiring power. Because America has a two party system consisting of a Democratic Party and a Republican Party, there is much power to be obtained if one is able to secure a representative spot in either party (Tannahill 118). In particular, I believe representatives in the Republican Party are more concerned about their political seats and what power can be gained from their seats than doing what is best for their constituents. This can be seen in the public’s assessment of political parties and in the presence of crony capitalism.

After reading these books, l thinks America should be less corruption of authority and also equality. All citizens in American should have freedom and be treated equality no matter the skin color./ These stories offer that America should be free of corruption and equality. These stories stories sees America to be like a country with no strict and segregation against one group of people.

How would one “fix” the United States of America? Quite obviously, the issues and corruptions within America cannot simply be fixed by a single solution. The best answer to a question of this capacity is an answer which targets pressing issues individually; perhaps, addressing ways to improve America given its current state if government and society. In order to improve America, reforms to campaign contribution and lobbyist need to be made which will result in refinement in the overall health of the county.

growth. Corruption reduces the efficiencies of the operations of the market economy and a loss

Corruption can be defined as “the abuse of entrusted power for private gain. It can be classified as grand, petty and political, depending on the amounts of money lost and the sector where it occurs.” Bribery, extortion and embezzlement are the three principle versions of corruption. For instance, an employee of a firm who is in charge of purchasing functions takes some amount of money from a supplier (bribery), in which that same employee ensures the payment for the products to be above the usual price. Then the residuary amount between the actual price and the turgid price after bribery would get siphoned off by the employee and the supplier (embezzlement). If it’s the case of political corruption, an exemplifying scenario can be, some government officials use their positions to extort payments from some government regulated firms. Expectably, economic corruption impairs development and political corruption depraves prospering governance. Unfortunately, both of these types of corruption continuously persist all around the world .

Climate changes are one of the significant circumstance that contributed in Bangladesh’s food insecurity. Crisis such as flooding, rising water levels and droughts are examples of natural hazards that affects Bangladesh’s agricultural production immensely. It is estimated that natural disasters destroys about 20% of Bangladesh’s total agricultural output every year. Furthermore, people are

In recent years Bangladesh has achieved rapid economic growth and significant progress in social development despite many other problems. The enviable GDP growth and many other social and environmental successes have gained until now. But still Dhaka is one of the least livable cities in the world. Political economy and urban planning both are complex and people and state oriented. Before discussing about the political economy of urban development process it is necessary to clear the concept of political economy and the economic system of Bangladesh.

Mauro (1995) conducted a research based on a cross-country data to evaluate causes of corruption worldwide. In “Corruption and Growth”, he describes the relationship between corruption and economic growth of different countries over the period 1971-1979 and 1980-1983. In his research, Mauro used indices related to corruption from Business International Corporation which sells indices to banks, companies, and investors. The indices are based on the responses of the BI’s analysts from more than 70 countries, and they reflect analysts’ perspective on conditions in a country. The indices have values between 1 and 10, and higher values correspond to a better quality of institutions. Mauro has used nine indices, which, in his opinion, are the best determinants of institutional efficiency: political change (a change in institutional framework due to elections), political stability (disintegration of political activities), probability of opposition group takeover (probability of the opposition to gain power), stability of labor (possibility of labor disruption), relationship with neighboring countries, terrorism, legal system (efficiency of labor environment), red tape (bureaucracy), corruption. Mauro separated those nine indices into two groups based on how closely the indices are correlated. The first group is labeled as bureaucratic efficiency and includes variables such as legal system, red tape, and corruption. The second group of variables is labeled as political stability and

Bangladesh is a small South Asian country that boarders the Bay of Bengal and India. Bangladesh is a developing nation that has experienced steady economic growth over a sustained period of time. However, economic growth alone does not make a nation fully developed. Using W.W. Rostow’s 5 stages of development1, the economy of Bangladesh will be analyzed and compared to the economy of the United States of America (USA). The development of Bangladesh will be determined using relevant economic and social data found in the CIA World Fact Book and other sources.

Understanding the factors that causes Bangladesh to be a poor country is vital. The main cause is overpopulation. Bangladesh is considered a small country when compared to it 's population of more than 150 million people. Therefore, the resources cannot be distributed equally. Bangladesh is also a country that is prone to natural disasters such as floods. Many of the rural poor live in areas that are exposed to extreme annual flooding which will lead to devastating damage to their crops, homes and livelihoods. The victims often resort to moneylenders, which doesn

Bangladesh stands among the frontline countries confronted by the impacts of climate change. For several decades we have been experiencing the gradual increase, frequency and erratic pattern of floods, river erosion, cyclones, earthquake murmurs, tidal bores, encroachment of salinity in the low lying coastal

In many developing countries, corruption is a barrier to economic growth. Corruption can prevent the fair allocation of goods and services to citizens by trickling to aspects of everyday life. On a macroeconomic level, scholars are of the belief that corruption hinders economic growth and development (Mauro, 1995).

Bangladesh is one of the largest deltas in the world which is highly Penetrable to Natural Disasters because of its Geographical location, Flat and low-lying landscape, Poverty, Population density, Illiteracy, Lack of Institutional setup etc. Similarly the Physical, Social as well as Economic states of Bangladesh are very typical to any of the most Penetrable countries to Natural Disasters in the world . The total land area is 147,570 sq. km. consists mostly of Floodplains (almost 80%) leaving major part of the country (with the exception of the north-western highlands) prone to flooding in the rainy season. Moreover, the adverse affects of Climate Change – especially High Temperature, Cyclones and Sea-level Rise, Storm Surges, Salinity Intrusion, Heavy Monsoon Downpours etc. has aggravated the overall Economic Development scenario of the country to a great extent.