Correlation between Government Corruption and Poverty in...

IIf a country has widespread government corruption, then poverty will increase. Country Chosen: India Introduction As India celebrated its 65th Republic Day in January 2014, President of India Pranab Mukherjee warned the country of corruption as a cancer...that weakens the foundations of our state (Mukherjee, 2014) and If Indians are enraged, it is because they are witnessing corruption and waste of national resources(Ibid.) Indeed, corruption is an endemic problem in India, with anti-corruption watchdog Transparency International (2013) ranking the country 94th out of 177 countries in the Global Corruption Perception Index. Tens of billions of dollars of taxpayer revenue have been wasted as a result of such corruption, and many fear this is only the tip of the iceberg. Some reports suggest that as much as fifty percent of government money intended for welfare programs and subsidies ends up in the pockets of politicians, bureaucrats, and influential businessmen instead. Such corruption scandals have rocked the entire country, bringing the current coalition government led by Prime Minister Man mohan Singh under serious criticism. Despite the Indian economy set to becoming the 3rd largest in the world (Khanna ,2013), poverty in India is widespread, with the nation estimated to have a third of the worlds poor. and with growth being uneven across social and economic groups. In 2010, the World Bank reported that 32.7% of all people in India fall below the internationalShow MoreRelatedIndian Economy After Independence : India1310 Words   |  6 PagesIndia is rich in natural resources and labor which has helped India progress after attaining independence from British rule in 1947. The purpose of this research paper is to trace the Indian economy after independence. India is the largest democracy in the world with a stable democratic government. Recently, India has elected a new prime minister, Narendra Modi who took office in the year 2014. (India Today). The new government in India is credited with reviving the economy and strengthening India’sRead MoreIndia s Lack Of Poverty1634 Words   |  7 Pages According to the Human Index of Development, India is classified as a developing country. Unlike other less developed countries, India has a developed industrial sector that has boomed in the past 30 years. Yet India still remains a less developed nation and most Indians remain poor despite the country’s success in industry. Out of the 1.3 billion people in India, 29.8 percent of the population lives in poverty. Seventy-three percent of these individuals reside in rural areas. The livelihoodRead MorePolitical Instability : Indian National Congress And The Bhartiya Janata Party1925 Words   |  8 PagesPolitical Instability: India has an incredible amount of instability and corruption in politics. India has two main political parties- Indian National Congress and the Bhartiya Janata Party (BJP). These two are the major parts of the Parliament government. Currently, there is a vast amount of corruption involving major issues like elections, railways, customs, revenue collection, etc. An example of political instability relating to corruption is the Hawala Bribery Scandal in 1990. The Hawala ScandalRead MorePoverty in Poor Families1758 Words   |  7 PagesWhile poverty is inevitable, poverty drags down the development of the world. Living conditions, cause of poverty, barriers to ending poverty, and non-poor contribution can’t afford to be taken lightly. Poverty does not have one clear definition. It is a complex concept referring to multiple situations. By poverty we normally associate it to a situation in which a person fails to earn sufficient income to purchase necessities to life. The basic needs of life are, enough food, clothing, drinking waterRead MorePoverty And Poverty1487 Words   |  6 PagesGlobally, poverty is a prevailing social and economic concern. In pure economic terms, the United Nations Educational, Scientific and Cultural Organisation (UNESCO, 2017) defines income poverty as a failure of a family’s income to meet a federally established threshold. The World Bank’s definition of extreme poverty is living on less than US$1.90 per day (World Bank, 2017), which was decided on using the purchasing power parity exchange rates to convert the line into the US dollar, and into the currenciesRead MoreTwo possible solutions for low life expectancy in developing countries1453 Words   |  6 Pagesconsequences in third world Possible solutions: Educate people from developing countries, improve health services and provide nutritional food. Main body Factor 1= malnutrition Shortage of food as population is bigger and bigger these days which unbalance between the demand and supply of food Disaster such as drought, flood causes unable to grow crops and vegetables in certain area of the world. Aids go the wrong people. Even though those developing countries usually get aids from international countries,Read MoreIndian Economic History Essay2344 Words   |  10 PagesECON345 The Dragon and the Elephant: India and China in the Asian Century 1 Essay Topic No 1 â€Å"It is the context and circumstances prevalent in any nation that should determine its policies and strategies of growth† (Mahtaney, 2010, p. 159). Illustrate the truth or falsehood of this statement with reference to either India or China _____________________________________________________________________ â€Å"An ounce of practice is worth more than tons of preaching† (Mahatma Gandhi, 1946)Read MoreImpact Of Trade Liberalization On African Countries Essay1627 Words   |  7 Pagesliberalization (henceforth refers to as economic globalization) impacts poverty levels is limited. This essay examines the relationships between economic globalization and poverty levels in African countries. For instance, a 2006 UNDP report illustrates that just 7.2 percent of Bayelsa and Rivers State (Nigeria) residents were poor in 1980, but in 2004, the poverty index figures rose exponentially to 44.3 percent; Nigeria’s national rural poverty index jumped from 28.3 percent in 1980 to 48 percent in 2000Read MoreAid, Policy And Growth1601 Words   |  7 Pagestremendous amount of literature on the relationship between aid and growth (Hudson, 2004). McGilivray provides a recent comprehensive survey of the theoretical and empirical literature on foreign aid and growth. (McGillivray, 2006) A study conducted by McGillivray demonstrates how aid to African countries not only increases growth but also reduces poverty. Furthermore, the author points out the important fact that continuously growing poverty, mainly in sub-Saharan African countries, compromisesRead MoreThe Effect Of Fracking On The United States Economy And Leaving A Harmful Footprint Behind The Environment2007 Words   |  9 Pagessignificant groundwork is driving opportunities for innovators. The abundant supply of oil and the inexpensive cost leads to cheaper energy for consumers (Dews, 2015). Along with the low price for refineries, driving consumers will benefit because of the correlation of the gasoline price. Low price of gas means a greater available ability to travel or extra money added to the savings. As stated in the Wall Street Journal, companies such as gas stations, long distance trucking, and car dealerships are seeing