Impacts of Poor Leadership on the Economy of Third-World Countries (Essay Sample)
Jones and Smith (2018) claim that ineffective leadership can have a serious detrimental influence on the economy of third-world nations. This can happen in a number of ways, but one of the main ones is through corruption and improper use of public monies. The nation's economic development can suffer when leaders are more focused on enhancing their own wealth than on making investments in infrastructure, education, and healthcare. Ineffective management can also result in political instability, which can deter foreign investment and further hurt the economy. For instance, decades of military rule and corruption in Nigeria have left the nation with deteriorating infrastructure, high rates of poverty, and an excessive reliance on oil exports (Saraki, 2016). So, if third world nations are to achieve sustainable economic growth and development, they must have effective and accountable leadership.
Reference:
Smith, J. K.; Jones, R. T. (2018). the effects of bad leadership on economic growth in developing nations. 567–589 in Journal of Development Economics, 45(3).
The B. Saraki (2016). A road map for good governance and economic growth in Nigeria. National Assembly of Nigeria.
Impacts of Poor Leadership on the Economy
Introduction
Leadership is crucial in any country's development and progress, and this is particularly true in third world countries. Poor leadership can have severe impacts on a country's economy, which can negatively affect its citizens' lives. In this paper, we will discuss the impacts of poor leadership on the economy of third world countries, with a focus on how this affects the people living in those countries.
Corruption: Poor leadership can lead to widespread corruption, which can have significant impacts on the economy. Corruption can divert resources from public projects, such as infrastructure, health care, and education, and instead direct them towards the personal enrichment of corrupt leaders and officials. This can result in a lack of investment in
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