Government Bureaucracy And The Economy - 919 Words

Lebanon s economy and markets are best described at the dawn of the new millennium by a private and liberal economic activity and openness to abroad with perfect capital and labor mobility. The private sector contributes to around 75% of aggregate demand, a well-diversified sector that covers the totality of economic sectors and is a major pillar for growth and recovery. The Lebanese economy is also a typical open economy with a large banking sector equivalent to more than 2.5 times its economic sector and providing an important support to aggregate demand. The Lebanese economy remains fragile. Regulatory inefficiency and uncertainty exacerbated by political instability and ongoing security threats by violent extremists continue to undermine private-sector activity and development. Government bureaucracy and the lack of transparency perpetuate an environment hostile to investors. Perhaps the best indicator showing a strong correlation between security and the economy is the Consumer Confidence Index, which is issued in partnership between the Byblos Bank and the American University in Beirut. The Consumer Confidence Index recorded a recovery in the first half of 2014, as a result of the formation of the government in February and a relative improvement in the security situation, after a halt in the series of bombings, which rocked Beirut and Tripoli from March 2013 to January 2014. Thus, the indicator stood at 29 in the second half of 2013 and reached 33.5 in the firstShow MoreRelatedBureaucracy Is An Efficient System Bureaucracy1715 Words   |  7 Pagesonce said This passion for bureaucracy ... is enough to drive one to despair. It s as if in politics...we were deliberately to become men who need order and nothing but order (www.goodreads.com). Max Weber brings attention to the consequences of bureaucracy. Although bureaucracy is an efficient system that allows maximum production to occur, bureaucracy has resulted in the loss of individualism and is particularly undemocratic. In public administration, bureaucracy plays a major role in howRead MoreState Intervention and the Economy Essay1236 Words   |  5 Pagesresult of a negative correlation between the aforementioned and the varying degrees of state intervention. In most cases it is evident that the more a state intervenes in its economy, the less the country will develop. While, at the same time, a country whose intervention exists at a minimal level will tend to have a stronger economy and a more rapid rate of development. However, it is also important to understand that as with many concepts there will always be extreme cases where the states may not strictlyRead MoreThe Flaws Of State Led Humanitarianism1143 Words   |  5 PagesSuch events may range from merciless persecution by a ruthless dictator to a furious tsunami that leaves destruction in its wake. In such inciden ts, it is human nature to help those affected rebuild their lives and find comfort again. As a result, governments spend billions on foreign aid projects aimed at helping populations rebuild themselves after a tragic event. Despite the funding and resources spent on these projects, their success rate is dismal. Coyne’s book explains the flaws of state-led humanitarianismRead MoreBureaucracy And Bureaucracies1714 Words   |  7 Pages1) Bureaucracy exists to organize states and keep them working as efficiently as possible. 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Umayyad practiced a fair degree of religiousRead MoreBureaucracy Can Be Good For Business1446 Words   |  6 Pagesâ€Å"Bureaucracy can be good for business† INTRODUCTION Bureaucracy is a term that has been coined by a French economist Vincent de tourney in 1745. In French bureau connotes desk. It is the systematic and organised body which makes it accountable for proper functioning. Its complexity and elaborate nature makes it reliable and error free. While the former can be a drawback, taking in to consideration the amount of time it takes and the large body of people involve, the latter is proving to make upRead MoreBureaucracy Can Be Good For Business1446 Words   |  6 Pagesâ€Å"Bureaucracy can be good for business† INTRODUCTION Bureaucracy is a term that has been coined by a French economist Vincent de tourney in 1745. In French bureau connotes desk. It is the systematic and organised body which makes it accountable for proper functioning. Its complexity and elaborate nature makes it reliable and error free. While the former can be a drawback, taking in to consideration the amount of time it takes and the large body of people involve, the latter is proving to make upRead MoreA Brief Note On The State Of Bureaucracy1094 Words   |  5 Pages 1. A Bureaucracy is an administrating group of management within the government or large institution that is comprised of a group of people with varying levels of authority. Bureaucracies are typically organized in hierarchical authority, with the manager/president of the bureaucracy at the top of the pyramid and appointed workers at the bottom. Bureaucracies are appointed to managing a certain issue, a specified department, corporation, etc. In addition, a bureaucracy follows a fixed set of rulesRead MoreBureaucracy and Bureaucrats Essay1290 Words   |  6 PagesBureaucracy and Bureaucrats Americans depend on government bureaucracies to accomplish most of what we expect from government, and we are oftentimes critical of a bureaucracy’s handling of its responsibilities. Bureaucracy is essential for carrying out the tasks of government. As government bureaucracies grew in the twentieth century, new management techniques sought to promote greater efficiency. The reorganization of the government to create the Department of Homeland Security and the Bush administration’sRead MoreFederal Bureaucracy849 Words   |  4 PagesFederal Bureaucracy – to what Extent does the President have Control of it? When the framers of the Constitution developed our government, they gave Congress the authority to create the departments necessary to carry out the day-to-day responsibilities of governing - the federal bureaucracy. The vast majority of the departments, agencies, and commissions that make up the federal bureaucracy today were created by Congress through legislative acts. Congress is unable to act in a bubble though