My Personal View, My Happiness
Introduction
The authors of the book titled “Economic Gangsters”, Raymond Fisman & Edward Miguel, were trying to explain why poor countries are poor by comparing the economic development within two particular countries, Kenya and South Korea, since they started from similar situations in 1963. South Korea first started with manufacturing textiles, then develop to steel, and nowadays they can produce the high-end customer goods and advance electronics device while the situations of Kenya’s economy is not much better than it was in 1963. To answer to this question, they shortly said this is the result of the twin evils of corruption and violence.
The Lives and Times of Economic Gangsters
The authors defined the term of economic gangster as the behavior in narrowest self-interest by cheating taxes, restaurant bills or even kill off business competitors to roll up own money. Economic gangsters can be the violence or lawless criminal character…
View original post 1,072 more words
Recent Comments