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A traditional view of governmental role to maintain law and order has greatly expanded.

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Introduction

1. Introduction 1.1. Background of the Research A traditional view of governmental role to maintain law and order has greatly expanded over time so that today it affects most industries, firms, and consumers. A society always seeks for the government regulation for its ultimate satisfaction. An economy of a country is guided by the government. Government controls different markets to ensure a smooth transaction. A government also ensures the market mechanism to work properly. If disturbance occurs in the market people become unhappy. Thus government regulation is the result of pressures from business, consumers, and environmental groups and results in regulation which supports business and protects consumers, workers and the environment. Regulation is undertaken to ensure that the economic system operates in a manner consistent with the public interest and to overcome market failures. As a democratic country, the government of Bangladesh is formed by the people. Hence politics and government in Bangladesh interrelates with each other. But it is a matter of great sorrow that the politics of Bangladesh is highly polluted. The corruption thus easily takes place in the governmental role. In this research we will extensively analyze this two major economic problem of Bangladesh. 1.2. Definition of the Problem One of the most profound realizations to strike every citizen of Bangladesh is that for last two years Bangladesh becomes the Number 1 in corruption. ...read more.

Middle

Parliament Members are given lot of power and special positions in the government. Thus the government becomes politically manipulated by the ruling party. A government also has the discretionary power over the secretariat. All governmental activities thus become politically influenced. 3.4. Nature and Areas of Corruption in Bangladesh Corruption has long been seen as a moral and legal problem. However, there is a growing body of research which has established that corruption and other forms of poor governance are also associated with lower economic performance. Most of this research employs data bases with information on large numbers of countries. The variables include indices of various aspects of governance, performance measures such as economic growth and human development outcomes, and other socio-economic variables used as controls in regression analyses. Many studies have shown that bad governance, including corruption, reduces economic growth - countries with poor governance grow more significantly more slowly than countries with honest, accountable governments. Furthermore, some studies are also showing that poor governance is associated with lower performance in areas such as adult literacy and infant mortality. According to Corruption Perception Index (CPI) Report 2002, Bangladesh is the most corrupted country out of 102 countries in the world. According to this report top ranking 10 countries are shown by the following table No: 1 Note: 2002 CPI score relates to perceptions of the degree of corruption as seen by business people and risk analysists, and ranges between 10(highly clean) ...read more.

Conclusion

Governance and corruption reforms have become a central issue in many recent elections, and because of democratic reforms, new leaders dedicated to fighting corruption and improving public administration are attaining power as never before. The countries that are beginning to show signs of early success are those that have unbundled the governance agenda and are implementing programs that address a variety of structural reforms aimed at changing the manner in which their governments conduct business. These reforms present a broad menu of options that Bangladesh can learn from. 6. Recommendation To reduce the impact of government corruption and politics in the economy we can recommend the following actions: i. Establish the office of Ombudsman for curving corruption; ii. Reform the anticorruption bureau of Bangladesh for active against corruption; iii. Develop comprehensive national strategies for combating corruption; iv. Strengthen law enforcement mechanisms, including the role of the judiciary; v. Improve conditions for international investment through simplification of government procedures, vi. Improve transparency and accountability in budget preparation, execution, and oversight of expenditure, vii. Develop codes of ethics in public administration to be enforced by strong sanctions; viii. Strengthen procedures for an effective and merit-based civil service, particularly recruitment, promotion and pay, ix. Strengthen parliamentary oversight, independent audit and investigative bodies to be backed by sufficient human and financial resources. x. Enabling the media to effectively exercise public scrutiny; xi. Improving ethical and professional standards of journalists and promoting training in investigative journalism. Research Paper on The Impact of Government Corruption and Politics in the Economy of Bangladesh 1 ...read more.

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