VOL 20 NO 157 REGD NO DA 1589 | Dhaka, Sunday, December 30 2012
http://fe-bd.com/index.php?ref=MjBfMTJfMzBfMTJfMV8yN18xNTQ4NDg= Media and economic development
Published : Sunday, 30 December 2012
M S Siddiqui
Bangladesh is a country aspiring to be a member of the middle-income group of states. It has been recognised by some quarters as an 'emerging tiger' with too many challenges at hand. Bangladesh is the seventh largest country in the world in terms of population. Despite its good performance as recorded by many growth indexes, it has been lagging behind in building necessary infrastructure for achieving the goals required to be attained by a middle-income country. Apart from weak infrastructure and the poor higher education system, Bangladesh has been burdened with an out-dated and inadequate legal mechanism that can hardly cope with the demand of corporate interests, resolution of labour disputes, recovery of bank loans, and maintaining law and order conducive to further economic development, social cohesion and cultural enlightenment. Without progresses in legal areas such as making suitable laws and their appropriate execution, speedy resolutions of all corporate and financial disputes, and quick and transparent transfer of properties some vital sectors of Bangladesh economy may suffer irreparable loses. Improvement in legal mechanism: Like the infrastructural development, improvement in legal mechanism can now be regarded as the most important pre-condition for a sustainable growth, a stronger economy, and a pro-people system of governance. Every country needs to define its social, demographic, economic and environmental conditions. This information will create the knowledge about society and is a prerequisite for forming opinions and making political decisions on a sound basis. Timely, reliable, comparable and available information on social, demographic, economic and environmental conditions are key factors for the planning of the...
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The Political Economy of Government Responsiveness: Theory and Evidence from India
Self-Study Assignment – MediaEconomics
1. Introduction 2
2. Theory, Propositions and Empirical Strategy 2
3. Results 3
4. Evaluation of Empirical Strategy 4
5. Conclusion 5
6. References 6
Extensive research has been conducted on the topic of how media circulation affects political accountability and government policy. Theory predicts that for a higher share of media receivers, political accountability and hence government expenditures increase. Besley & Burgess (2002) give additional insight into this topic by analyzing the impact of media circulation on government responsiveness to falls in food production and crop flood damage in Indian states. The authors use the extent of public food distribution and calamity relief as proxies for government responsiveness. In addition to media factors, political and economic factors are introduced as potential determinants of policies. The predictions of the theory are underlined by the results of the paper: Government responsiveness increases with a higher amount of media users within a state. Further, political factors are also relevant determinants, whereas, economic factors are of low importance.
In the following, the paper will be critically assessed within...
Economic growth and economicdevelopment
Like the infrastructure development, improvement of legal mechanism
Can now be regarded as the most important precondition for sustainable
Growth, a stronger economy, and pro-people system of governance,
Writes M S Siddiqui
Economicdevelopment generally refers to sustained and concerted actions, taken by the policy-makers and communities, which promote the standard of living and economic health of a specific area. Economicdevelopment can also refer to as being quantitative and qualitative changes in the economy. Such actions might involve multiple areas including development of human capital, critical infrastructure, regional competitiveness, environmental sustainability, social inclusion, health, safety, literacy, and other initiatives.
Economicdevelopment differs from economic growth. Whereas economicdevelopment is a policy intervention endeavour with aims of economic and social well-being of the people, economic growth is a phenomenon of market productivity and rise in GDP (gross domestic product). According to Amartya Sen, "economic growth is one aspect of the process of...
...China’s Economic Growth and Development
China is presently the world’s largest economy in relation to its population of 1.3 billion. The country is currently a socialist economy ruled by a Communist Government, with significant structural changes impacting its economy as a result of the high rate of growth over the past decades. Its economy is in the transition phase, moving from being a centrally planned economy to a system based more on the market. A socialist or market economy can be defined as an economic system based on government ownership of key resources which are crucial to the economy, rather than the individual taking ownership. There are; however, exceptions to this, such as permitting the partial use of markets to exchange dispensable commodities, such as farm products and retail goods. It is hypothesised that China’s economic and social transformation - lead by sustained economic growth – has significantly impacted upon the distribution of wealth and income in China by means of an improved standard of living. This is evident in China’s Human Development Index (HDI), and can be supported by statistics from during this period, data dating from 1978 onwards relating to China’s steady climb, as well as evidence from the Great Leap Forward. China’s economic growth continues today, through the continual developmental process leading to a market based economy, and...
...out ward orientation are being increasingly undermined” – Guy Bentley
From World War II until the 1970’s many developing countries have attempted to accelerate their development by limiting imports of manufactured goods, in an attempt to foster a manufacturing sector to serve the domestic market. This paper will follow the structure of Henry J Brutons’- A reconsideration of import substitution by first examining the theory of import substitution, as a method of manipulation foreign exchange. I will then look at the justifications for the failure of this implemented policy by looking at the example of 19th century Japanese trade liberalization. Succeeding that, I will describe the dramatic policy transition from inward looking strategies to outward orientation whilst examining the example of Taiwan and Korea. Finally I will examine the reasons why certain individuals undermine this development strategy, in an attempt to pursue the most effective and appropriate combination of policies to promote economicdevelopment.
During the last few decades there has clearly been an unprecedented integration of national economies where globalisation has been driven by constant Technological advances. This has eased the movement of goods and information by lowering barriers to trade thus stimulating a change in the economic policy which countries choose to pursue. However before the 1970’s the global situation...
...Johann Philip Sanchez 11107052
Economicdevelopment has been influenced by four different major theories that talk about how change is best accomplished. The theories are the Linear Stages of Growth theory, the Structural Change theory, the Neoclassical Counter Revolution theory and the New Growth theory.
The linear stages of growth model is something like the Marshall Plan, which was used to rebuild the war-torn countries of Europe after the war. This theory basically believes that industrialization is the key to the economy’s prosperity and progress. Moreover, according to this theory, industrialization can be achieved by increasing capital as much as possible together with the community. This is their way of developing one’s economy and motherland.
The Harrod-Domar model is also a major part of this theory. It talks about the rate of growth of a nation in a mathematical manner. It is actually based on the savings and income of the state.
Unfortunately, this theory does not work in some instances because it is not a sufficient condition and it focuses too much on investing in capital.
On the other, the structural change theory mainly focuses on the process wherein nations develop their economy by drastically urbanizing and modernizing their manufacturing and service sector. A great example of this kind of transformation is the Lewis Theory of Development. It explains that underdeveloped nations are...
...iRiabelle L. Aurellano
Mass Media and EconomicDevelopment
Mass media has always been one of the pillars of modern society. With its wide range and base, it is indubitably, the most effective and efficient way of mass information dissemination. Yet, instead of mass media being a primary tool for education, it is mostly being used as a medium for entertainment; to show bland, superficial products with little, or no educational value. So, attempting to connect mass media with economicdevelopment would seem as disjoint as climate change and my inability to make good analogies. Surprisingly, this is what the last speaker, from 'The Public Sphere' talked about.
The forum cites economic literacy as the main contribution that mass media can make to economicdevelopment. Defining economic literacy as 'the ability to identify, analyze and evaluate the consequences of individual decisions and public policy,' the speaker, Mr. Omar Dumdum of NEDA, goes in to explain the ineffectiveness of economic education in secondary school; therefore, mass media should take the primary responsibility of promulgating economic literacy, to promote economicdevelopment. This can be done, according to Mr. Dumdum, through better...
...MEDIA NEGATIVE ASPECT
Opening: Let me begin by stating that all in the world is not as you have been told. The old saying that "truth is stranger than fiction" couldn't be more accurate, for we have been deceived on such a grand scale that most would have a difficult time in comprehending the full extent.
The behind the scenes machinations of big money and politics are so well hidden from most of the population, that if people actually knew how things were really run, we would quite literally have a second revolution overnight. Henry Ford knew this well when he said, "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
Most people who read this might have a hard time fathoming how an entire nation could be so well deceived, but it's really not that hard when you understand the inner workings and hierarchy of an overly revered media in which we place our blind trust.
The truth is not as you know it. Our faith in the media myth has been our Achilles heel.
Many have realized long ago that our politicians will lie to us at the drop of a hat, but most have no clue that our news media lies and deceives us just as much, if not more so.
We have been deceived by our media to such an extent, mostly because people are too trusting of our news system. They very...
Governments the world over have long been investing in infrastructure in the hope of boosting economicdevelopment of their country. To study the relationship between infrastructure and economicdevelopment, we compared two journals; Infrastructure and Local EconomicDevelopment by Rives, J & Heaney, M. (1995) and Infrastructure and Economic Growth: The Nigeria Experience 1980-2006 by Enimola, S (2010). We chose these journals as the journal by Rives, J looked at the approach on a community/state level whereas the journal by Enimola, S looked at it at a national level. Hence, we were able to look at the topic at a micro and macro level. We compared the objectives of both journals, along with the methodological approach, definition and calculation method. We also studied the results of the study in the journals and compared the effect of different variables on economicdevelopment.
Rivas and Heaney: Infrastructure and Local EconomicDevelopment
The objective of the journal by Rives and Heaney is to establish the relationship between infrastructure and the economicdevelopment of a community.
Although there is a well-established linkage between infrastructure and economicdevelopment at the national level, few researches have...