Advanced Search
MyIDEAS: Login

Socio-Economic Development : A Politico - Financial Overview

Contents:

Author Info

  • Viswanatha Sankara Rama Subramaniam

Abstract

Do Financial accounting practices as per the political setup and their administrative strategies, pose problems to the pace of Socio-economic development of any nation ? This paper addresses this question with a preview to the dawn of human civilizations on earth, and mathematically cumulating the thoughts of Socio-economic development in four facets, from Individual to National level. Different Financial Management Techniques are used under the two divergent political setups, namely the Capitalism and the Communism. A capitalist setup provides the freedom of corporate control under each individual entrepreneur or a corporate unit (I), under private or government control (G), to function as an autonomous body. using the "Return on Investment" as their motivating guideline. A communist setup represents a centralised approach through individual work contributions at micro level. Under this setup, the national demand is pre-assessed and fixed by the State. The financial management is taken care by the State Bank. Conclusion leads towards irrespective of the political setup, the Socio-economic development is a Three Dimensional Closed Cycle Economic process, namely Manpower as the Prime component, Materials and Techno-commercial infrastructure, in a preset Seven Sequential order. The inference is that the Cost and Quality of Domestic goods and services, decide the status of Socio- economic development. This directly depends upon the proper utilisation pattern of the three ingredients and the Productivity orientation of the Prime component (Manpower). The world experiences support the Closed Cycle Economic process. The inferences are supported with examples from Britain, Germany, India, Russia and USA. (The matter is supported with 4 Creative and Comprehensive Schematic Diagrams summarising the Financial Approaches of Capitalist/Communist setup, Closed Cycle Economics and the Productivity relationship of the Prime component Manpower, respectively. This Research Paper is based on a study survey by the Author to various countries functioning under different Political and Financial accounting Appraisal Techniques).

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://128.118.178.162/eps/pe/papers/0404/0404005.pdf
Download Restriction: no

Bibliographic Info

Paper provided by EconWPA in its series Public Economics with number 0404005.

as in new window
Length:
Date of creation: 14 Apr 2004
Date of revision:
Handle: RePEc:wpa:wuwppe:0404005

Note: Type of Document - pdf; prepared on win2000; to print on all;
Contact details of provider:
Web page: http://128.118.178.162

Related research

Keywords: Accounting System; Communist; Capitalist; Financial Methods; Infrastructure; Manpower; Materials; Information Systems; Political; Techno-commercial;

Other versions of this item:

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:wpa:wuwppe:0404005. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.