The pejorative term “kleptocracy” is applied to a government tainted by widespread greed and corruption and headed by a person who has used the government for personal enrichment and gain. While the suffix “-ocracy” often implies a form of government, kleptocracies are not forms of ...
Kleptocracy is a form of government in which the leaders, known as kleptocrats, use their political positions of power to gain or increase their personal wealth by stealing money and valuable resources from the countries they rule. While both forms of government imply a degree of corruption, kle...
Aristocracy is a form of government in which the people are ruled by a small, privileged-class of people called aristocrats. While aristocracy is similar to oligarchy in that they place power in the hands of a few people, the two types of government differ in several key ways. Once the mo...
2.1 Government Class Autocracy 2.1.1 Government Class Text ND 2.2 Advantages Faster process for the system, Law making process simpler 2.2.1 AdvantagesText Since there are not many people involved in the law making process, it is less complicated. The process is faster comparatively. ...
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2.1 Government Class Autocracy 2.1.1 Government Class Text ND 2.2 Advantages Economic growth, Enhances security, Promotion of patriotism 2.2.1 AdvantagesText It promotes patriotism amongst people. It gives a united goal to people making the nation powerful and thus there is a growth in economy. ...
‘large state sector’ is the primary defect of Sri Lanka’s economy. It is not the size of the sector that has mattered but its inefficiency, incapacity, unproductivity, and sometimes duplication. In Australia, out of the total workforce, 20 percent are in the state sector. But it is ...
What is the government in ''Anthem'' by Ayn Rand? What was primitive in The Call of the Wild? What is kleptocracy according to Guns, Germs, and Steel? What is a Malthusian Drill in Brave New World? What religion was practiced in The Good Earth? In The Awakening, what is the theme ...
First, among SWFs, strategic funds are the most susceptible to cronyism. International experience is littered with high-profile disasters. The embezzlement scandal involving 1MDB — a strategic Malaysian SWF — was declared by the US Department of Justice as its “largest kleptocracy case to date...
and a gentle market reform process was initiated that would have eventually lead to a mixed economy much like in the west. Down this alternative road the kleptocracy by the robber oligarchs could have been avoided and Russia would now be a successful, prosperous, liberal and stable country and...