Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
The developing countries of the world are concentrated in the regions of Asia, Africa and Latin America. The developing nations are characterized by an economy which is transitioning from agrarian to industrial. You may recall Fred Riggs and his famous Prismatic Model from the earlier article, according to Riggs, the developing nations are the prismatic societies. There are a few characteristic features of these developing economies:
Now, having understood the general scenario prevalent in these developing countries, we can take a step forward and try to understand the nature of public administration in these economies.
The problems plaguing the bureaucracies of these countries are that they are ill equipped to carry out developmental goals. Since, they came into existence to serve the goals and objectives of their colonial masters; they seem to be in disharmony with the changing needs and aspirations of the natives. For e.g. the Indian Police still follows the 1865 Police Commission guidelines which was laid out to address the law and order situation in the era of British Raj.
In developing countries the major challenge is development and modernization. The public institutions have the enormous developmental tasks in their hands; combined with rapid economic development due to the growth in the private sector and the economically wealthy young population, the demand for delivery of services is increasing.
Finally, the rural areas have not kept up with the rapidly growing urban areas, whether in Brazil or in India, they look upon Government, public administration and public servants as their only hope.
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