Democracy and Economy Essay Example | Topics and Well Written Essays - 1500 words

Democracy and Economy - Essay Example ( Reginald Chua (2000)) .Democracy do have its cons which hinders the path of development in one way or another for example in the country where literacy rates are very low , where the cast system are very much prevalent , people are emotional there the very basic foundation of democracy, the right of people to elect their representative to govern them is massively distorted , the people there usually are unaware of their own rights and their usage so in those countries only corrupt people come in democracy and use it only for their own self interest and people's development is totally ignored. Well if any authoritarian country's administration make sure the right of people are well protected and assure their personal , professional and economical growth, maintain good standard of living for its inhabitants, provide them with basic facilities of life, provide them with employment then the development of the country is inveterate. The living example of it is China and Singapore. Hans F.Sennholz (2007) stated "The most startling progress over the last two decades has been in China which labors under and authoritarian regime". The world poorest democratic states are also as much democratic as the wealthier states but the difference lies in governance (Hans 2007). The key point of this statement is that development is not correlated to democracy that much than it is related to the governance of the country. Some of the countries which has been liberated in early twentieth century like Australia in 1901and New Zealand in 1947 they had government institutes running previously with much of an ideology and legal methods so after freedom they didn't have to work from scratch but those countries which were deprive of such institutions and... The researcher of this essay states that if we look to the meaning of development then according to American heritage Dictionary of English Language (2006) it is define as â€Å"A progression from simpler or lower to a more advance, mature or complex form of state or stage† it is also define as â€Å"act of developing â€Å". Development also have some key indicators which help the economist to access the development rate of the country some of them are per capita income, literacy rate, unemployment rate, standard of living, availability of basic facilities like electricity and gas etc. Democracy in this dictionary is define as â€Å"government by the people; a form of government in which the supreme power is vested in the people and exercised directly by them or by their elected agents under a free electoral system†. The researcher then focuses on the analysis of the Asia’s democracies, such as India and Philippines, that are less progressive than the other au thoritarian government, such as China or North Korea. Summing up the discussion the researcher can say one thing with utmost authentication and that is the factor that matter much more than democracy or no democracy is the leader, along with his/her leadership qualities, social culture and pressure economic policies and rule of law, if these factors and may other major and minor factors of economy are being effectively implemented and foster into positive direction then the development is 100% bound to come else nothing can guarantee development what so ever.

Methods of Research Paper Example | Topics and Well Written Essays - 3250 words

Methods of - Research Paper Example Approximately 76% of firms in different geographical areas use social networking to achieve their marketing strategy. Retailers have achieved 133% increases in profit through the mobile market and thus they promote social media. An approximated 40% of United States shoppers usually use their Smartphone to buy products online and thus becoming a need than a want. There is a gap that exists while investing in social media marketing. Messages are shared in the social network concerning the brands and services offered by a certain firm and thus they are passed from user to user. This means that the company only posted once in the site for example, in the Facebook which has millions users. The messages and images of the brands are available to the third person without his or her request that he or she wants the brands but they are going to be posted. This means that the firm that posted the brands once does not need to keep on monitoring who has been interacting with their site. Through t he use of social media they can use the strategy of winning a prize or the first individual who can share and like the brands in the firm can win a prize or get the brand of his or her choice at a discounted rate. This is a gap that many companies have never thought about it but play a significant role in social media marketing. Based on the research done by Mangold and Faulds (2009), though investing in social media is costly, it plays a significant role in marketing for example, brand awareness is attained. Social media is a tool that creates competition in the market since different companies use the technology to advertise their products through such media. For example the use of Facebook, YouTube, twitter, Google and LinkedIn among others. One of the notable aspects to note while educating an individual who want to use social media marketing is that it is generally expensive. However, in reality it plays a significant role in making sure that awareness of the