Governance and Business Strategy Essay Example | Topics and Well Written Essays - 1500 words

Governance and Business Strategy - Essay Example It leads to the expansion of the hidden economy not only not only because of tax rates or social security rates, but for the arbitrary and inefficient implementation of regulatory and tax regimes in the economy with the existence of corruption. Having implications on the various aspects of the economy, the present project seeks to bring forth these implications of corruption in the economy. Critical reviews are provided with regards to the implications of corruption on the economic development of a nation (CSD, 2005, p.73). Corruption and Economic Development-Critical Analysis The empirical and theoretical debate on the effects of corruption on the economic development of nations remains unclear and unresolved. Available nationwide evidences show that the economic implications of corruption on economic development of nations can be either positive or negative. Previous empirical literature has tried to explore the relationship between corruption and development in great detail and ha s come up with surprising results. It is seen that corruption affects developing and developed countries differently. This is on account of the fact they differ significantly in terms of their economic and cultural characteristics but are plagued by similar levels of corruption in their economies (Kutan, Douglas & Judge, n.d., p.2). Some researchers have argued over the fact that corruption has negative effects on the economic development of nations as it redirects the nation’s resources into unproductive directions and consequently distorts the normal functioning of the economy. Tanzi and Davoodi (1997) has out firth four different channels through which corruption can have damaging implications over the economic growth of nations. These are high public investments; low revenue by the government; low expenses on business maintenance and operations and; poor quality of public infrastructure. On the other hand, some researchers have declared that corruption can be economically favourable in certain nations under certain circumstances as it triggers efficient government services in the form of bypassing such aspects like inefficient regulations and red tapes (Kutan, Douglas & Judge, n.d., p.3). Bureaucratic corruption can also be influenced by economic development. This is considered to be two-way causality and can be demonstrated through threshold effects as well as multiple equilibrium which form grounds for varying incidence of corruption across different countries (Blackburn, Bose & Haque, 2005, p.21). Implications of corruption on the economic activities are studied from many different perspectives. Mauro (1995), has tried to identify the effects of corruption and various other institutional factors includes red tapes, efficiency of the judicial system, political stability on the economic development of 67 nations across the world between the period 1980 and 1983. This analysis revealed that corruption reduced private investments considerably. Influe ncing investments corruption alters the composition of the government expenditures particularly reducing its share on its spending on education in the economy. Research conducted by Tanzi and Davoodi (1997) revealed that high corruption causes higher public investments, low revenues for the government, low expenditures on maintenance and o

Research paper on classical Composer Ludwin Von Beethoven Essay

Research paper on classical Composer Ludwin Von Beethoven - Essay Example There are different kinds of music ranging from jazz, hip hop, rock, etc. Music and musical performances adopt different forms in different cultures. For instance in Europe and in North America, the viewable types of music is divided based on high culture and low culture. The high culture type of music is mostly the Western art music like the Baroque, Classical, Romantic, solo etc. (Hermann, 1904) Examination on the origin of music indicates that the development of music stems from the natural sounds such as bird sons and the sounds of the animals. In course of time man began to imitate these sounds thus leading the way for development of music. Therefore one can state that the first musical note was man’s voice which began to perform an array of sounds. (Bruno, 1956) Further bells are striking instrument from which a musical note is obtained. The earliest instruments in music were the bells. More than 4000 years ago, the Chinese had an instrument which consisted of 16 flat stones suspended in a frame, and this produced the forth scale of exotic notes when struck by a wooden hammer. (Bruno, 1956) Over the period of time the bell was divided into the Eastern and Western direction. In the Orient the bell developed into the pot and bowl form wherein the bowl developed into the gong and the pot developed into the Chinese and Japanese barrel-formed bells. The Western civilization found the bell develop into the cup form wherein it had a clapper which stuck from inside. (Hermann, 1904) According to the Greek myth, Pan invented the first musical instrument, the shepherd’s pipe. Later man invented the wind instruments made from horns of animals. As man trained his musical sense, he began to use reeds and thus produced natural tones. Later man discovered the use of strings and invented the simple harp. Thus music developed over the centuries. (Bruno, 1956) The Romantic era, 1800-1890 found the development of music with Ludwig Van Beethoven