Monday, December 1, 2014

Andre LaRenzie, Chapter 13, Question #6

In chapter 13 of "Naked Economics", Charles Wheelan, the author, speaks on the topic of wealthy and developing economies and countries. Charles Wheelan informs the reader that governance matters. The position of your economy relies on the government, which can be measured by accountability, rule of law, corruption and many more. I found this particular passage interesting because to some degree it is true. I have never thought of the government being a head way to the development of a country, but it is. Living under a government, that for the most part, is honest and not corrupt, makes it easy to take it for granted. Wheelan speaks of the Chinese graduate student who asks if we know "how unusual we are in the world that we don't have to pay off bureaucrats to get the simplest permit issued?" That question seemed surprising to me, because I did not know that it was a usual think in most other places to pay off a government official. This whole passage enlightened me because I never understood that the credibility of a government directs economic growth, and it made me realize how lucky we are to live in a developed county with a healthy relationship with out government.

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