The Lack of Institutional Infrastructure Hinders the Development of Poor

question 61

Essay

The lack of institutional infrastructure hinders the development of poor nations, and it may render capital less productive. As a result, some say that foreign aid is ineffective in stimulating economic development. Explain.

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Definitions:

Operative

An operative is a worker, especially skilled in manual, clerical, or administrative work, often employed within the operations of a business or organization.

Punishment

Discourages a behavior by making an unpleasant consequence contingent on its occurrence.

Reward

A reward is an incentive or benefit given in recognition of someone's effort, achievement, or contribution.

Self-Control

The ability of an individual to regulate their emotions, thoughts, and behavior in face of temptations and impulses.