Business Attraction and Retention in culture EffortsThe intellection that subscriber line charity and holding activities are ship canal to long-run sustainability is based on neo-classical and neo-liberal growing paradigms that emphasize the routine of proceedings within a free grocery in wealth creation and scotchal progress . Spurring the increase of the duty and corporate sector is therefore seen as crucial to over-all scotch growth and schooling , under the assumption that wealth created by trade and investment activities will ultimately trickle baseball swing pop out to the majority in the form of job and income multiplication (Trainer , 2002 ,. 55 ) However , the negative outcomes of knowledge efforts using the market economy-oriented commence in the vast majority of countries in the development service man (Rist , 1997 ,br 218-19 ) illustrate that the focus on assembly line attraction and retention are non reasonable means of achieving sustainable developmentContrary to the claims of neoclassic and neoliberal development theorists , development that is based on economic and line of descent growth does not necessarily racetrack to an bet vergeent in the economic life of the majority (Trainer , 2002 ,. 59 ) On the other hand , the myth of the trickle-down effect is challenged by the accompaniment that although increased business activities generate employment , it in any case results in cheap and repressed labor as the qualification and pay maximization cin one caserns of corporations usually necessitate cutting down on variable labor costs such as take . Unfortunately , corporations are able to leverage business interests in a higher place labor cod to the very dependence of the country on investments that creates significant insistence on the government to implem ent policies contributory for businesses su! ch as tax incentives and lowered minimum payment . For instance , workers in garment factories in Bangladesh receive whole 15c per hour in wages despite significant economic growth in the country (Trainer , 2002 ,. 56In the same manner , the potential of financial capital of the United States in an economy that is dependent on business activities tends to reach out the gap between the rich and the miserable in cost of access to resources . Trainer (2002 notes that markets have a strong aspiration to allocate scarce resources and products to the rich and to clean the poor of resources they once had (p . 60 ) As such , the scattering of resources and access to service is based on the capacity of citizens or communities to pay and not based on actual exact .
Ultimately , this contributes to the keep impoverishment and deteriorating condition of the poor (Rist , 1997 ,br 236 ) sequence benefiting the local elite who have ties with business and multinational corporationsLikewise , the realities in developing countries certify that market-oriented development policies are often insensitive to the chooses of the poor and marginalized sectors and also undermine ecological and environmental sustainability . This is because investment will bleed into those ventures likely to yield the highest returns (Trainer 2002 ,. 60 ) gum olibanum , the government s development priorities are often incongruent with the development needs of communities . This is exemplified in the case of Ghana where unsophisticated activities are focused on export crop production instead of addressing food cred ential and malnutrition problems of the local populat! ion (Rainbow Ark , 1992 br. 9 It is clear that efforts in business attraction and retention activities cannot realise about long term sustainability in Setting divagation concerns on business electric shock on the environment market-oriented growth dependence leads to negative development outcomes , exacerbating poverty and marginalisation instead of alleviating social problems . Thus , there is a need to use alternative development frameworks in the effort to take in about genuine and sustainable Works CitedRainbow Ark (1992 . Development Reconsidered . working capital , D .CRist , G (1997 . The History of Development . London : zed BooksTrainer , Ted (2002 . Development , charity , and poverty : the appropriate development linear perspective . International Journal of Social Economics 29 (1 /2 : 54-72Community DevelopmentPAGE \ MERGEFORMAT 2 ...If you want to get a full essay, identify it on our website: OrderCustomPaper.com< br/>
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