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corporate governance
Essay specific features
Written by:
Ruth R
Date added:
August 24, 2013
Level:
University
Grade:
A
No of pages / words:
34 / 9409
Was viewed:
7831 times
Rating of current essay:
Essay content:
What are the key issues for corporate governance in developing countries? We thought we'd take a mainstream approach. This is a very widespread view in the economics profession, a very simple textbook view?. Income per capita is a function of hours worked and hourly productivity? and the view is, well, what explains higher per capita income in the west, which is about $100 per hour, the difference between the US and a developing country, which is about $2, is that the US has a bigger stock of capital?...
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You make those observations and you conclude from there that the main problem of development is really a problem of transferring capital from a rich to a poor country? a lack of social capital and trade barriers, and this is really the consensus?.
[Neoclassical perspective on development: income per capita is a function of hours worked and hourly productivity; higher physical or human capital increases hourly productivity; the lower the trade distortions and taxes are the higher is the marginal revenue product...
displayed 300 characters
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