Business Attraction and Retention in Development EffortsThe view that telephone circuit attraction and keeping activities are ways to long-term sustainability is found on neo-classical and neo-liberal training paradigms that emphasize the portion of proceeding within a free commercialize in wealth creation and stinting progress . Spurring the increase of the melody and corporate sector is therefore seen as critical to over-all frugal ontogenesis and development , under the assumption that wealth created by trade and investment activities will ultimately course kill to the volume in the discrepancy of job and income propagation (Trainer , 2002 ,. 55 ) However , the negative outcomes of development efforts using the market economy-oriented access in the vast majority of countries in the developing dry land (Rist , 1997 ,br 218-19 ) illustrate that the focus on business attraction and retention are not reasonable meaning of achieving sustainable developmentContrary to the claims of classical and neoliberal development theorists , development that is based on frugal and business growth does not inescapably lead to an rise in the economic life of the majority (Trainer , 2002 ,. 59 ) On the other hand , the myth of the trickle-down opinion is challenged by the detail that although increased business activities generate engagement , it also results in cheap and repressed labor as the efficiency and meshwork maximization concerns of corporations usually necessitate slick down on variable exertion costs such(prenominal) as payment . Unfortunately , corporations are able to leverage business interests supra labor due to the very dependence of the country on investments that creates strong pressure on the politics to implement policies causative for businesses such as tax incentive s and let down minimum requital . For inst! ance , workers in garment factories in Bangladesh receive unless 15c per hour in wages despite significant economic growth in the country (Trainer , 2002 ,. 56In the same look , the assurance of financial capital in an economy that is dependent on business activities tends to widen the gap between the luxuriant and the pitiable in terms of access to resources . Trainer (2002 notes that markets keep back a strong tendency to allocate scarce resources and products to the wealthy and to reave the silly of resources they once had (p . 60 ) As such , the dispersion of resources and access to services is based on the dexterity of citizens or communities to pay and not based on essential strike .
Ultimately , this contributes to the continued impoverishment and deteriorating condition of the poor (Rist , 1997 ,br 236 ) term benefiting the local elite who have ties with business and transnational corporationsLikewise , the realities in developing countries show that market-oriented development policies are oft refractory to the requires of the poor and marginalized sectors and also undermine ecological and environmental sustainability . This is because investment will flow into those ventures likely to yield the highest returns (Trainer 2002 ,. 60 ) Thus , the government s development priorities are often incongruent with the development privations of communities . This is exemplified in the case of Ghana where clownish activities are focused on export crop ware instead of addressing food security and malnutrition problems of the local population (Rainbow Ark , 1992 br. 9 It is c lear that efforts in business attraction and retentio! n activities cannot form about long term sustainability in Setting difference concerns on business impact on the environment market-oriented growth dependence leads to negative development outcomes , exacerbating poverty and marginalization instead of alleviating social problems . Thus , there is a need to use alternative development frameworks in the effort to assure about genuine and sustainable Works CitedRainbow Ark (1992 . Development Reconsidered . functional capital , D .CRist , G (1997 . The History of Development . capital of the United Kingdom : zee BooksTrainer , Ted (2002 . Development , charity , and poverty : the appropriate development scene . International Journal of Social Economics 29 (1 /2 : 54-72Community DevelopmentPAGE \ MERGEFORMAT 2 ...If you want to get a broad essay, clubhouse it on our website: OrderCustomPaper.com
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