Community Development

Business Attraction and Retention in study EffortsThe sentiment that subscriber line fondness and holding activities are ways to long-run sustainability is based on neo-classical and neo-liberal festering paradigms that emphasize the exercise of proceedings within a free marketplace in wealth creation and scotchal progress . Spurring the increase of the avocation and corporate sector is therefore seen as crucial to over-all frugal growth and ontogenesis , under the assumption that wealth created by trade and investment activities will ultimately trickle love fell to the majority in the form of job and income multiplication (Trainer , 2002 ,. 55 ) However , the negative outcomes of increase efforts using the market economy-oriented commence in the vast majority of countries in the growing serviceman (Rist , 19 97 ,br 218-19 ) illustrate that the focus on short letter enterprise 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 business growth does not necessarily triad to an bet circumstanceent 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 strength and pay maximization c formerlyrns 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 collectible to the very dependence of the country on investments that creates significant press on the government to implement policies contributory for businesses such as tax inc! entives 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 uppercase in an economy that is dependent on business activities tends to expatiate the gap between the rich and the miserable in foothold of access to resources . Trainer (2002 notes that markets have a strong end 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 function is based on the capacity of citizens or communities to pay and not based on actual exact .

Ultimately , this contributes to the continue 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 pose that market-oriented development policies are often insensitive to the chooses of the poor and marginalized sectors and too undermine ecological and environmental sustainability . This is because investment will go down into those ventures likely to yield the highest returns (Trainer 2002 ,. 60 ) therefrom , 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 bail and malnutrition problems of the local population (Rainbow Ark , 1992 br. 9 It is clea! r that efforts in business attraction and retention activities cannot realise about long term sustainability in Setting divagation concerns on business jolt 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 sure 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 side . International Journal of Social Economics 29 (1 /2 : 54-72Community DevelopmentPAGE \ MERGEFORMAT 2 ...If you want to get a full essay, bring up it on our website: OrderCustomPaper.com

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