Growing concentration of income and wealth in the hands of few and political influence generally protects the richer section from higher rates of taxation and thereby the tax burden ultimately falls much on the middle class and poorer sections of the society. Proper Maintenance of Law and Order: Thus with the increase in capital accumulation in such countries, the supply of other co-operant factors should be increased so as to enhance the capital absorption capacity of such countries.
Religion is the foundation upon which these values rest.
As the primary schools and their products multiplied, secondary schools were established to satisfy the demand for higher education. Like modernisation, this process is good and desirable for the welfare of mankind. Thus the vicious circle of poverty is resulted from various vicious circles related to demand side and supply side of capital.
The cow as a sacred symbol of the Hindus, for example, is a rallying point which gives cohesion to Hindu society. Since many Nigerian families are facing the pangs of unemployment, inability to pay their children and wards school fees among other hardships, the religious bodies should resume their pioneering work in the area of health, education, industry and vocational training to assist the nation, especially in the area of human development.
It is said that man from the earliest times has been incurably religious. It is deeply related with conflicts. These short-term constraints are related to over concentration and stagnation in agricultural sector, unemployment and under-employment, low productivity of capital, the growing deficit in its balance of payment position etc.
In contrast, the non-Western meaning of secularism revolves round equal respect for all religions. It is believed that the powers of the other world cherish these principles. Even today, traditional Muslims face religio-ethical problems concerning interest-taking.
Merely changing beliefs is not enough. Stability, peace, protection from external aggression and legal protection generally raises morality, initiative and entrepreneurship. In some cases the change may be slow and minor, in others relatively rapid and major.
In most of the underdeveloped agricultural countries, the structural change may be initiated through reduction in proportion of population engaged in agriculture and thereby increase in the number of persons engaged in non-agricultural occupations. Religion Promotes Social Integration: Religion, Economic growth, Amelioration, Tolerance and Intellectuals.
They simply consider them as forces in their universe. Some call these supernatural forces God, other call them Gods. Some developmental projects may be developed out of foreign aid but it should be maintained, with indigenous motivation.
It embraces all aspects of social behaviour, the establishment of law and order, scrupulousness in business dealing, including dealings with the revenue authorities, relationship between the family literacy, familiarity with mechanical gadgets and so on.
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There are other aspects of secularism. In Hindu religion Moksha or Salvation represents the end of life, the realisation of an inner spirituality in man. Failure to perform these acts is considered a sin.Religion belongs to the superstructure, a reflection of the economic base. This theory of religion is too simplistic, most would agree today.
To reverse Marx’s metaphor, religions can also be part of the base, the foundation that shapes the economic structure of a society. 1. Religion Helps in the Struggle for Societal Survival: Religion may be said to help in the struggle for societal survival.
Rushton Coulborn has shown that religion played a crucial role in the formation and early development of seven primary civilisations: Egyptian Mesopotamian, Indian, Cretan, Chinese, Middle American and Andean. the effect of religion on economic development (b) Colonizing Country: Dummy variables representing the identity of the eolonizing country, either Britain, France, or Spain^.
Religion and Economic Growth Robert J. Barro, Rachel McCleary. NBER Working Paper No. Issued in May NBER Program(s):Economic Fluctuations and Growth. Empirical research on the determinants of economic growth has typically neglected the influence of religion.
religion. 0. Published by admin at What have been the major events and ideas related to Economic Development from the reconstruction time to the present time period () and how was Economic Development changed and developed over time?
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Religion, Politics, and Development Essays in Development Economics and Political Economics Erik Meyersson This thesis consists of three essays in development economics and religious expression, such as the headscarf ban in public institutions, raise barriers.Download