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Corruption is a crime which slows economic growth, undermines development, and causes inequality. With a cost to the global economy estimated at around US$2.6 trillion (£1.8 trillion) a year, it is often linked to politics and profiteering by large corporations. The Panama Papers, for example, exposed the vast and powerful reach of the financial secrecy industry. But a large volume of the corruption in developing countries operates through “grease money” – informal cash payments to local government officials. This involves people regularly handing over payments for access to everyday public goods and services such as electricity, driving licenses and medical care. Aside from the financial implications, the often hidden cost of this kind of corruption is its damaging psychological impact. Our research aims to shine a light on how everyday corruption harms mental health in developing countries. ....
Caution urged for SME fund processes 06:45 | 20/01/2021 Tran Duy Dong - Deputy Minister of Planning and Investment Over the last three years of supporting finance for small- and medium-sized enterprises (SMEs), we can see some positive outcomes as some SMEs have already received preferential loans from the fund and doing well, with increased profits and more jobs created. The performances of some are even good enough to pay back their loans earlier than expected. Moreover, such initial capital can also lure more resources to help SMEs. In 2020, the government issued Resolution No.84/NQ-CP on tasks and solutions for dealing with difficulties in business operations, promoting disbursement in public investment, and ensuring public order and safety during the pandemic. It also accelerated the SMEDFâs operation and support for SMEs to overcome difficulties. ....
New Delhi: Oxford University Press, 2019; pp xx + 295, ₹ 895. Oxford: Oxford University Press, 2019; pp xxiv + 577, price not indicated. Asia’s Journey to Prosperity: Policy, Market, and Technology Over 50 Years by Asian Development Bank, Manila: ADB, 2020 (ebook), http://dx.doi.org/10.22617/TCS190290.
The transformation of Asia from its status as the most impoverished region to the growth locomotive of the world economy within five decades is unprecedented and nothing short of a miracle. The achievement seems all the more profound when juxtaposed with a very pessimistic outlook of Asia’s development prospects made by Gunnar Myrdal in his three-volume tome Asian Drama: An Inquiry into the Poverty of Nations, published in 1968. ....