Reforming The Developing World Essay

Length: 3 pages Sources: 3 Subject: Economics Type: Essay Paper: #23404759 Related Topics: A Modest Proposal, Public Finance, Modest Proposal, Hypothetical

Excerpt from Essay :

AFRICA good afternoon, attachment. Reference material attached.

Africa: Public finance and legislative procedures

Financially-strapped African nations must make difficult choices when calculating the opportunity costs of different decisions they must make regarding financing. The goals of this hypothetical African nation are to encourage personal savings on the part of citizens but also to encourage foreign investment. One of the suggested reforms has been to institute a property tax. While property taxes have been frequently used in the United States to fund education, this paper will suggest alternative prioritization to accomplish national goals.

Property taxes

Property taxes are often controversial as a source of soliciting economic revenue. On one hand, they have the advantage of not taxing the income or the consumption of the poorest members of society. There is the presumption that those who are able to own property have at least some subsistence income. However, merely because someone has a modest amount of property does not necessarily mean he or she is wealthy and such a proposal could result in undue taxation upon poorer, small, subsistence farmers. Those with property (usually residents in agrarian locations) might begin to resent those living in urban...


In China (another developing world nation which has seen a stratospheric increase in its prosperity), there has been considerable criticism of the government for being overly reliant upon selling land as a source of revenue and it has been suggested that property taxes should be used as an alternative source of financing investment in the infrastructure. "There is no doubt that revenue from land sales has been the backbone of local government coffers… The problems with this are obvious. There is a limit to the quantity of sellable land…local governments' fiscal decisions are often made on the assumption that land prices will continue to appreciate. When property prices do not go up anymore, the trading volume of land will drop and severely affect the spending ability of local governments" (Young & Xia 2013). However, the fact that the value of land determines revenue is a problem with property taxes as well given if land values go down so will revenue. Fighting corruption

Corruption exercises a considerable drain upon most African economies. One reason there is a strong reluctance to invest amongst Westerners today is because of the tremendous costs in dealing with corruption in the region. "Corruption tends to produce a variety of negative socio-economic and political outcomes, such as socio-economic underdevelopment (e.g., an increase…

Sources Used in Documents:


Andre, T. (2014). Shanghai's startups invest in high tech and education in Africa. Tech Cocktail.

Retrieved from:

Dimant, E., Krieger, T. & Meierrieks, D. (2013). Corruption, migration and the brain drain.

Cite this Document:

"Reforming The Developing World" (2015, February 09) Retrieved June 3, 2023, from

"Reforming The Developing World" 09 February 2015. Web.3 June. 2023. <>

"Reforming The Developing World", 09 February 2015, Accessed.3 June. 2023,

Related Documents
World Government
Words: 1257 Length: 4 Pages Topic: Government Paper #: 94567564

Government: An Unviable Solution to a Complex Need According to Anne-Marie Slaughter, "world government is both infeasible and undesirable," an assertion that is supported by the historical record as well as contemporary experiences. This paper provides a review of the relevant literature to determine why a world government is unviable, as well as the differences between a world government and global governance. A discussion concerning how these concepts relate to

Reforming Urban Schools
Words: 13440 Length: 49 Pages Topic: Teaching Paper #: 79283099

School Choice Program This study aimed to determine the impact of school choice through a comparative study of two private schools, which serve primarily, or exclusively African-American students, and a public school. Data in student achievement in math and reading and data on student attendance were used to determine the impact of choosing a school. Qualitative data derived from interviews with administrators and faculty as well as classroom observation were used to

Home Security Reforming Immigration Reform Homeland Security
Words: 4103 Length: 10 Pages Topic: American History Paper #: 54715654

Home Security Reforming Immigration Reform Homeland Security Reforming Immigration Reform In current years illegal immigration has turned out to be a topic that has brought up some significant political issues in the United States. A lot of the debate on illegal immigration emphases on a feasible route to United States citizenship. It would need to be pointed out that there are so many more persistent subjects which should be spoken about in

Education Throughout the World There
Words: 5288 Length: 20 Pages Topic: Teaching Paper #: 18246393

Nearly all failing schools fit this description (Six Secrets of School Success 2000)." If a country is to overcome educational problems, they must take into account the mentality that poverty creates and how that mentality deteriorates the wherewithal to do well in school. Although poverty is the issue that affects most underachieving schools, the idea of the super head was conceived as the answer to poorly performing schools. According to

China and the World Trade Organization on
Words: 8173 Length: 30 Pages Topic: Economics Paper #: 75116965

China and the World Trade Organization On December 11, 2001, China officially became a member of the World Trade Organization (WTO), opening the country's doors to change and a new economy. One year after china's entry into the WTO, the country reported great success, showing better-than-expected economic growth and fulfillment of its WTO commitments, despite the shaky world economy. The excellent performance of the Chinese economy was clearly demonstrated by its 8% growth

Percent of the World's Proven
Words: 9112 Length: 33 Pages Topic: History - Israel Paper #: 54099632

Consequently, his observations concerning the business climate in Saudi Arabia with respect to the significance of religion in the Kingdom can be considered authentic. According to Indris, with respect to the perception of performance and contractual obligations among Saudis, "It should be noted that the issue is not with the belief itself but rather with people's misguided interpretations of the belief and Islam teachings. While Islam teaches that ultimate