Good Governance Is of Utmost Importance to a Healthy and Functioning Economy
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Good governance is of utmost importance to a healthy and functioning economy. Given the sovereignty of countries, imposing external influence on them is difficult. Internally, however, please tell us the order in which the following options might offer political impact on the rich vs poor divide.Items ranked: Option 1Eradication of unionsOption 2Total abolition of corporate donationsOption 3Stricter penalties for unethical behaviourOption 4Caps on Politians sitting termsItemAverage rankBest rankWorst rankNo. of times ranked #1Option 13.5141 (9%) Option 22.3143 (27%) Option 31.5137 (64%) Option 42.8240 (0%) No. of “no opinion” answers: 0Total number of answers: 11Question # 1Unethical behaviours within organisation are in practice for many years. Rank among the following options, considering which unethical behaviour must be highly regulated by the government:Wages and working conditionBending the rules (making decision always in employer benefit)EnvironmentSmall vendor relationshipUnionQuestion # 2Half of the worlds major economies are multinationals; these businesses play a crucial role in poverty alleviation and building a sustainable economic system. Does low regulation on multinational companies can help different economies of the world to grow as they can be the source of income for unemployed poor population? Rate from 1 (highly regulated) to 10 (low regulated).
Question # 3Depending extremely on corporate entities and imposing high regulation and taxes on them to help in serving large number of poor people will motivate entities to involve in unfair trading and to be financially unethical in their book of accounts?Rate from 1 – 10Question: There are six policy clusters that the Millennium project has identified that an improvement in could assist poverty stricken countries to break out of poverty traps. Please rank in order of what you perceive to be of highest importance to lowest importance in reducing poverty and the rich poor gap. Items ranked: Investing in human developmentNutrition, health, education, water & sanitation.Helping farmers increase productivityTo break out of subsistence farming and chronic hunger.Investing in infrastructurePower, roads, ports, communications.Developing industrial development policiesFoster growth in small and medium businesses through tax incentives and encourage public spending on research and development.Emphasising human rights and social equityEnsure that all people have freedom and the voice to influence decisions that affect their livesEnvironmental sustainabilityProtect key ecosystems that support life – clean air and water, soil, forests etcItemAverage rankBest rankWorst rankNo. of times ranked #1Investing in human development2144 (36%) Helping farmers increase productivity3.2151 (9%) Investing in infrastructure4.6161 (9%) Developing industrial development policies5460 (0%) Emphasising human rights and social equity3.3162 (18%) Environmental sustainability2.9163 (27%) Large number of experts said that investing in human capital can breakout poverty traps.