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Public safety and a reform perspective

In relation to the graduated sanctions, which one do you feel has the most utility from both a public safety and a reform perspective? Which one do you feel is the least utility. Justify your answer on both sides of the argument.

Sample Solution

Economic development is a fairly new idea that arose during the early twentieth century. Many theorists attempted to define economic development and to differentiate it from the concept of economic growth.According to economists, Gerald Meier and Dudley Seers, these two concepts are different from each other and they stressed that economic development cannot be equated with economic growth. They both agreed that economic development is a more complicated and dynamic process than economic growth but both are no doubt interrelated. Economic growth is defined as an increase in a country’s ability to produce goods and services, in other words, increase of per capita gross domestic Product (GDP) or other measure of aggregate income. Economic Growth is the optimum utilisation and development of under-utilised resources of developed countries and brings significant changes in the economy. This growth is associated with a steady, general and gradual increase in the rate of savings, output and investment in the economy. Several economists have come to the conlclusion that productivity gains, ie increases in efficiency was a major factor in China’s immensely fast economic growth. Economic reforms which included the decentralization of economic production, led to substantial growth in Chinese household savings. http://www.fas.org Economic development, on the other hand is an increase in the economic standard of living of a countrys population with constant growth from a stagnant state to a higher level of equilbrium. It implies changes in income, saving and investment along with accelerating changes in socio- economic structure of a country. Economic Development is concerned with whole changes in the economy and brings both qualitative and quantitative changes and mainly refers to the problem of developing countries. It relates to the utilisation and development of unused resources in underdevloped countries. After the mid-1980s India began opening up its market slowly through economic liberalization and this policy played a huge impact on the economic development of India. The Indian economic development got a boost through its economic reform in 1991 and again through its renewal in the 2000s. Since then, the whole scenario of economic development of India has changed dramatically. http://www.business.mapsofindia.com Economic growth is a narrower concept than economic development. As earlier we stated, its termed as an increase in the real level of national output but this can only be caused by an increase in quality of resources, such as education, increase in quantity of resources and improvements in technology or increase in the value of goods and services produced by every sector of the economy.In Malaysia for example, Prime Minister Abdullah, after coming to power in 2003, has tried to develop economy of this south Asian country by introducing value added production. He took a number of measures to introduce hi-tech technologies and urged investments in high technology indust
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