Bonuses for senior executives in the banking sector should only be Essay

Bonuses for senior executives in the banking sector should only be paid for genuine excellence - Essay Example For example, a Sales Director will earn bonuses if turnover targets are met and exceeded (Nkomo, Fottler and McAfee, 2010: 85-93). Recent years have been characterized by an outcry against paying of bonuses to senior corporate executives. This is mainly due to malpractices by top executives to ensure they earn high salaries with little regard to how the company is performing or stockholder value. These malpractices include accounting fraud. Bonuses remain popular with firms because in today’s world of heightened competition and reduced profitability, bonuses represent a variable rather than fixed cost (Murphy, 2005: 110-117). It is also widely believed that bonuses create motivation, which leads to organizational performance. Bonuses help to attract and retain managerial talent and motivate executives to perform to the best of their abilities and prevent executive dissatisfaction. It has been argued that rather than incentivizing executives to raise shareholder returns, bonuses have been turned into rent-seeking avenues by self-interested executives. This defeats the main logic behind paying of bonuses, which is to tie executive pay closely to organizational performance (Kieff and Paredes, 2010: 44-49). At the same time, it has been argued that executive bonuses affect firms negatively. Performance-based bonuses foster individualism, business aggression and uncertainty. Bonuses create competitiveness among the executives which hurts cooperation. Bonuses encourage executives to take unreasonably high risks and make short-sighted decisions that may not be good for the firm’s long-term prospects. It is also argued that senior executives spend a great deal of time and focus on their past and expected bonuses than on the returns of shareholders. Bonuses also foster bad relations and resentment between the executive and the lower ranking staff (Marchica, 200 4: 8-15). Bonuses are rooted in two theories; the Expectancy theory and Agency

Application of concept Analysis to Clinical Practice Essay

Application of concept Analysis to Clinical Practice - Essay Example Teamwork is considered a major facilitator for effective communication in various clinical settings. However, the meaning and nature of teamwork requires an in-depth research for effective translation of the concept into practice. As healthcare systems are regarded as organizations, teamwork helps to create more adaptive and productive working environments facilitating positive and cost-effective outcomes. Healthcare institutions throughout the world advocate the need for development of effective healthcare teams. Many researchers have even warned that lack of teamwork amongst healthcare individuals can lead to unsafe patient care practices. Better communication and understanding among healthcare professionals may reduce medication errors and effect patient outcomes positively. The lack of conceptual clarity with regards to actual representation of the concept is one of the major hindrances in clinical practice. ... thod as a concept may imply number of meanings in different contexts and it is important for clarification of concept to be explored according to its unique context. As the understanding of teamwork concept was merely addressed in healthcare theories, the authors compared their findings with theories from organizational theory literature. In first two steps of the process, the concept of team work was identified and purpose of the analysis was established. The study aimed at providing useful definition for the concept within healthcare, which also has implications for future research. Along from nursing, other literature was also searched to prevent biasness of opinion. Various databases including, Medline, CINAHL, Web of Science and Cambridge Scientific Abstracts were searched for terms ‘team working’, ‘teamwork’, ‘team’ and ‘team working’ to screen titles. Existing definitions for the concept were also deeply researched from liter ature published in the last few decades. In the next step, the uses of the concept were identified. It is critical to note here that though the concept should be examined across different disciplines, but complete explorations can sometimes also render the results impractical. For instance, in human resource management, teamwork increases the expertise and skills of the employees. Learning capabilities are nourished and enhanced through team work in educational settings. In healthcare, team work reduces medical errors to a greater extent improving patient outcomes. Multiple definitions for ‘Team’ and ‘Work’ were both combined and separately sought and analyzed from various English as well as medical dictionaries for better understanding of the combined term. Some attributes of teamwork were also determined in the next

Significance of the thinking and writting on education (History of Research Paper

Significance of the thinking and writting on education (History of Education) - Research Paper Example As an educator, Webster’s vision was to maintain an American Christian republic where Christian values and moral principles were taught, valued and preserved. In short, Webster envisioned â€Å"an educational system that would impart, "a love of virtue, patriotism, and religion", based on scripture† (Pope 2010). Thomas Jefferson, on the other hand, regarded education as a key factor for the smooth function of democracy and he laid emphasis on education for all. He believed that only educated and well-informed citizens could play crucial roles in democracy; thus, for him education was the ‘foundation of democracy and a prerequisite to vote’. The four principles that governed Jefferson’s views on education were: â€Å"democracy cannot long exist without enlightenment†, â€Å"that it cannot function without wise and honest officials†, â€Å"that the talent and virtue, needed in a free society, should be educated regardless of wealth, birt h or other accidental condition† and â€Å"that the children of the poor must be thus educated at common expense† (Jewett 2010). Jefferson pointed out that States should be divided into small districts or wards for better educational outputs and for him the structure of education should be in four levels: elementary schools, grammar schools, universities, and life-long learning. However, Jefferson’s liberal views on education failed to accommodate the educational needs of women, Blacks or Native Americans. Pope, Randy. (2010). Noah Websters Distinctly Christian Education System Shielded the Republic from the Enlightenment. Retrieved 2010-02-11 from SearchWarp.com:

Latino Narrative film Essay Example | Topics and Well Written Essays - 2250 words

Latino Narrative film - Essay Example My goal in this paper is to explore The Motorcycle Diaries in depth focusing on the way the spiritual transformation of Ernesto Che Guevara, the movie’s protagonist, evolves. Specifically, I will focus on how the film’s story is told and the devices that have been employed by the director to draw the audience. In particular, film’s script, performances, and the way it is shot will be discussed in relation to the research topic. Secondly, my goal is to compare The Motorcycle Diaries to another film by Salles Central Station (1998), which, similarly to the former, contains the theme of transformation. To achieve my goal, I have thematically divided the paper into four meaningful parts. The introduction sets the background to the essay. The first section focuses on the transformation experienced by the character of Ernesto Che Guevara and director’s devices employed to get the message across in a successful way. The second section will concentrate on the film Central Station and the similarities and differences between ways the two movies describe transformation. The paper ends with the conclusion of the major ideas discussed. In brief, The Motorcycle Diaries is a movie about a road trip taken by two young men who, while travelling, learn a serious lesson about life. A closer look at the movie’s focus allows claiming that it is not the result of the motorcycle journey that the movie’s director Walter Salles, a Brazilian by origin, emphasizes as the overall message on screen, but rather the transformation of the inner self of Che Guevara’s character. In particular, this is a transformation of a lighthearted medical student into a resolute leader. It happens against the backdrop of major social mishaps faced by people of the land that this weird duo encounters. This view can be well supported with the evidence from the film. First of all, it is clear at the beginning that the two young people who intend to cross the c ontinent are politically unconcerned. Their major interest, it seems, is courtship and enjoying the company of as many women as possible. Indeed, in the first section the friends are shown in a quite lighthearted manner  ­Ã¢â‚¬â€œ just as they try to make use of their suggested status as doctors to obtain food and lodging and visit parties. Besides, one sees how the two repeatedly wreck their falling-to-pieces motorcycle, which they joyfully call La Poderosa or â€Å"The Mighty† (The Motorcycle Diaries). Just as the film approaches its ending, one sees a different character. Ernesto is no longer lighthearted, neither is he daffy or frivolous. Instead of acting in a playful manner, he now perceives life in a thoughtful and serious way. Clearly, Ernesto’s life has taken on a new direction. To illustrate, the movie ends with Ernesto’s crossing of the Amazon river with the aim to bid farewell to his downtrodden and outcast patients, with whom Ernesto now aligns hi mself. Thus, a young reckless student of the upper middle class Argentinian background has transformed in a radical revolutionary, who even after his death will have crowds of admirers kicking up the motto â€Å"Che lives† across the globe (Brussat and Brussat, â€Å"Film Review†). Just as any transformation suggests a process which results in a complete change, let us examine in detail how this process went on in Che Guevara (Alberto seems to have undergone transformation too, yet not in

The Exploration and Advancement of the Concept of Trust in Nursing Research Paper

The Exploration and Advancement of the Concept of Trust in Nursing - Research Paper Example Graduate nurses were employed in this research. A graduate nurse is a nurse working for first year after completion of their degree program and they are on a house job. The method incorporated included qualitative description. Seven nurses took part in the research. The criterion was currently working nurses, practicing their house jobs in Melbourne hospital and registered as division of nursing branch. Purposeful sampling strategy was used. The purposeful sampling focuses on selecting a population who will illuminate the question under studies. The finding was that they had no experience after their graduation of the trust and faced problems treating their patients. What led to develop a confidence in their patient was described in four steps which fostered their relation like building a rapport, focusing on improved communication skills and time taken in building of successful trust (Belcher and Jones, 2009). The Concept of â€Å"Trust† â€Å"You will get better with this m edicine†, â€Å"consult a doctor†, â€Å"look for a psychiatrist he better knows your problems† etc. these statements show a part of the trust we share with the public around us. Trust is a person’s ability to predict what others will do next or what circumstance can come next. However, the scope of trust is being neglected in the circle of science for long as it relates to spiritual concept having no particular strategy to weigh down its crucibles in professional fields such as healthcare (Mok and Pui, 2004). Scientific study for the concept was mandatory to highlight the importance and hence, improve the relationships among the people at workplace or a highly trust dependent field of healthcare, sociology, physiology etc. In health care, three actors play a crucial role in the ‘trust’ play. They are the state, the healthcare practitioner and the patient and other disciplines are likewise. For better service, trust is both a virtue and an obl igation; hence it is a crucial factor in therapeutic relationship. There has been a lot said and discussed about the concept, but the gravity of ‘trust† ideology remains unrecognized. For this purpose, instead of more and more verbal war and never-ending discussions, a scientific approach to test the ‘trust’ hypothesis is established, to negate the skeptics related to the social issue in field of science and, to offer a concrete ground for the hypothesis to stand upon in healthcare sciences. The concept is researched by the way of social sciences research strategy as it is a complicated research to test the concepts. The methods chosen consisted of four basic phases. First is the analysis of the concepts by collected data then concept advancement is made by making principles based on initial analysis. The concept is then examined in the light of the principles. Finally, reviewing the researched data, therapeutic definitions are made. In the first step the co ncept is developed and analyzed by using review of the specific literature (Hupcey, et. al., 2002). Methods of concept analysis were undertaken to develop the concept of trust; like analytic questioning was employed which lead to the emergence of such issued that could help in determining the level of maturity of the concept of trust. Other than employing analytic questioning, congruence is searched for across the fields to look for common theoretical basis or ‘linkages’ in the literature of nursing, medicine, psychology and sociology (Hupcey, et. al., 2002). The analysis generated results that in a lay man’

Justifying The State Essay Example for Free

Justifying The State Essay Q1 If the state is not a voluntary organisation, how can one be under any obligation to obey its commands? This is a question about justifying the state. What D. D. Raphael calls the grounds of political obligation.1 If the state can be justified somehow then so can the commands it makes, whether it is voluntary or not. This would be a state built on individual consent; obligation to the commands of the state would flow from that consent. This essay will discuss the possibility of justifying of the state through the idea of a social contract. The state when it creates a law draws a line one cannot cross without consequences. For clarity I am talking about a serious law, specifically one that obviously has a moral base, the law against murder for example. An individualist might say I have no intention of crossing that line anyway because I believe it would be morally wrong to do so. The law in his case may as well not exist. Just by not breaking a law it can appear as though he supports it. When what he might agree with is what the law defends/upholds /represents, and that is the moral principle behind it. This is one reason why some people appear to uphold the law when in fact all they may be doing is following a personal moral code. or simply agreeing with the basic rational belief shared by most people that murder is wrong or (maybe) tax for the NHS is good for example. I suggest this analogy can be applied when questioning many commands of the state. When I obey the state by paying taxes, I may not be doing so because I am obligated too by law but for other reasons including moral ones. Socialists (as do many others) might argue that they are happy to pay more tax in return for a wider societal benefit that includes all, i.e. as in the National Health Service. Therefore a socialist might argue that she paid her National Insurance not because the law obligates her too, but because it fits her moral attitudes and outlook anyway. The fact that she has no legal right to refuse to pay becomes relevant in this case only if she actually doesnt. The above argument is Lockean to the extent that it appeal[s] to the idea of individual consent.2 It is also in part my own view, which is (I think) essentially individualist in nature, though not libertarian. The relevance of my own view to this essay is that when thinking about this question, I realised that I had no idea what my own moral position was regarding some of the most crucial problems and contradictions of political philosophy. Many of these questions require (I think) a moral stance in order to be able to make sense of them. This may seem like a non-academic approach as if I am personalising or reducing this essay to subjective notions, however the questions and issues of political philosophy are in large part moral questions and issues that therefore have as a basis, personal moral opinions. Lockes view according to Wolff is that obligations to the institutions of the state must be justified in terms of the will, choices or decisions of those over whom they have authority.3 Justification of the institutions of the state that enforce obligation then is reliant on the idea that personal autonomy is of premier value. Will Kymlicka defines this as the belief that the individual is morally prior to the community. One objection to this is the communitarian argument that the individual is not morally prior to the community instead individuals are a product of the community.4 There are other objectors to Lockes idea that autonomy is the primary value. Wolff writes that Bentham considered the primary value is not autonomy but happiness whether we consent to the state is irrelevant. 5 This utilitarian argument is that the happiness of society, as a whole is of more value than personal autonomy or the happiness of the few or one. And that therefore one has a duty to obey the commands of the state as it pursues this goal. So if the state decides that having nuclear weapons is for the greater good (happiness) then I would be obligated to pay my share of tax for them whatever I thought. I may be against nuclear weapons or the military in general for moral reasons (pacifism for example) but my moral objection is sacrificed for the greater happiness. The problem political philosophers face is finding ways to solve issues like the one above. Just how does one justify the state? One theory is the idea of the social contract. Wolff here defines the project of the social contract theory. The project of showing that individuals consent to the state lies behind the idea of social contract theory. If, somehow or other, it can be shown that every individual has consented to the state, or formed a contract with the state, or made a contract with each other to create a state, then the problem appears to be solved.6 It is difficult to support the idea that the state, and thereby its commands and responding obligations, can be justified by the theory of a social contract. The theory of a social contract tries to justify political obligation as being based on an implicit promise, like the obligation to obey the rules of a voluntary association.7 If there were such a contract (based on the idea that the state is a voluntary organisation) the problem of individual obligation to the state would be solved. One could join (or leave) institutions of the state at will, and not be subject to state penalties. This is clearly not so. To clarify this further I can ask a different question: how much like a voluntary association is the state? The consensus among political philosophers is I think that the state is not a voluntary organisation. To be born is to be joined to it. As Raphael says the universality of the states jurisdiction makes its compulsory character more pervasive and more evident. 8 Individuals are inextricably linked to it in many ways, for example through the financial/legal institutions. Neither of these institutions are voluntary, they both carry obligations that are enforceable by law. For a comparison I will examine what I think a voluntary organisation is. The obligations I have to the UEA regarding my degree, I agreed to honour. They were stated, I accepted. This does not mean I think the UEA is perfect. Just because I am obligated, (I agreed to the UEA rules) does not mean I cannot criticise the parking problem. What is important is that I chose to join. My obligations to the UEA are voluntary, and I can withdraw from them voluntarily and leave the university should I choose. This is not possible in the case of the state. [I] am subject to the rules whether I like it or not.9 As a general philosophical attitude I am nervous or sceptical of organisations people are forced to join or have to remain joined to, this includes the idea of a state. This could be framed as, (if this sentence makes sense) I do not like the idea that there is a group I am unable not to join. These reasons might help to explain why I am generally sceptical of some of the motives of our own state. So where does this leave us? The above contentions highlight some of the problems of the social contract theory. The central objection to it is that the state is not voluntary therefore there can be no mutually agreed contract. Nor has there historically ever been one. As Wolff observes, if there ever was a social contract What is the evidence? Which museum is it in?10 The idea of a hypothetical contract is an attempt to solve this problem. It does not rely on any formal notion of actual consent, be it historical, express, or tacit.11 The hypothetical contract relies on hypothetical consent. If hypothetical consent were possible it would provide a moral reason for political obligation. That is the ingredient the question this essay is discussing implicitly implies is missing. The idea asks us to imagine a position from where we could successfully negotiate a social contract. Rawls idea is a very complex one that effects many issues. In his Theory of Justice, Rawls sets out primarily to establish what moral principles should govern the basic structure of a just society.12 Rawls Theory of Justice suggests a set of specific moral principles that he hopes will achieve this consensus view. It is these principles that critics of the theory in the main object to. What they are concerned with is the kind of society that would emerge from behind any veil of ignorance whatever its character. For the purpose of this essay the idea of a veil of ignorance which is subject to many conditions, is the device Rawls uses to argue for consent. If people can agree on what would be just, (which he argues is possible using the principles he suggests) from behind a veil of ignorance the consent reached would be a voluntary contract. Again the problem remains, what principles really constitute a just society are not clear. Objections to Rawls ideas include the libertarian critique. Kukathas and Pettit13 argue that for principled libertarians like Nozick the state that would emerge from Rawlss theory is bound to seem inherently evil.14 Nozicks objections are based on his libertarian view that Individuals have rights, and there are things no person or group may do to them (without violating their rights)15 To conclude is this essay is very difficult; the argument I have tried to demonstrate is that one cannot be under any obligation to obey the commands of the state using the social contract model. I have argued that the social contract fails because it is not consensual. I have also tried to show that the idea of hypothetical contract cannot work because the veil of ignorance still does not produce consent because people cannot agree on what the principles of a just state are. One can only be obligated to obey the commands of the state (I think) when its principles are consensual. Bibliography Chandran Kukathas and Philip Pettit, Rawls, A Theory of Justice and its Critics, (Polity Press 1990) Kymlicka, Will, Contemporary Political philosophy. Raphael, D D, Problems of Political Philosophy, (Macmillan press 1990) Wolff, Jonathan, An Introduction to Political Philosophy, (oxford University Press 1996) Colin Dunlop His II Political Philosophy Dr Kathleen Stock 04-04-03 Q1 If the state is not a voluntary organisation, how can one be under any obligation to obey its commands? 1 Raphael, D D, Problems of Political Philosophy, p175 2 Wolff, Jonathan, An Introduction to Political Philosophy, p38 3 Ibid.p38 4 See Kymlicka, Will, Contemporary Political philosophy, Ch5 (I think) his discussion multiculturalism and communitarianism. 5 Ibid.p38 6 Ibid.p43 7 Raphael, D D, Problems of Political Philosophy, p182 8 Ibid.p181 9 Ibid.p181 10 Wolff, Jonathan, An Introduction to Political Philosophy, p44 11 Ibid.p44 12 Chandran Kukathas and Philip Pettit, Rawls, A Theory of Justice and its Critics, p36 13 Ibid. See chapter 5 The Libertarian Critique 14 Ibid.p74 15 Robert Nozick quoted by Chandran Kukathas and Philip Pettit in, Rawls, A Theory of Justice and its Critics, p76

Green Growth And Developing Countries Economics Essay

Green Growth And Developing Countries Economics Essay This scoping report is to discuss different models of partnership between donors and businesses. By partnership, we refer to an arrangement whereby an individual business (or small group of businesses) works with one or more donors in a joint project or programme to deliver a specific outcome. Alternatively, it could include facilities which are set up to facilitate a number of partnerships between business and donors such as the Business Innovation Facility, or Challenge Fund approaches, or the Business Call to Action. This particular component of the wider scoping output focuses on describing and discussing partnership approaches which have been developed between (multilateral or bilateral) donor agencies and individual businesses, or overarching facilities designed to develop those kinds of partnerships with the specific objective of promoting green or low-carbon investment or innovation by business. We have visited partnerships established in a range of different relevant sectors, including agriculture, energy (inc. energy generation and energy efficiency), forest, disaster reduction, water supply (inc. sanitation), recycling/waste management, green buildings construction, transportation, heavy industry and manufacturing, and some cross-sector issues. The review provides a long list of case studies (attached to this report), drawn from developing countries around the world, showcasing different partnerships adopted between business and donors. In this report, after a brief introduction to the concept of green growth and its relationship with developing countries; as well as a description of the conventional contributions from donors and businesses in a partnership, a framework or typology will be developed to categorise the different types of partnerships. It will go on to analyse and compare primarily their pros and cons, and their potential value and suitability for different development purposes. Green growth and developing countries The most serious problems facing the world today water and food supply crises, extreme volatility in energy and food prices, rising greenhouse gas emissions, severe income disparity and chronic fiscal imbalances either stem from environmental mismanagement or inequality, both. Aside from the chronic fiscal imbalances that mostly concern the developed economies, developing countries are the most vulnerable to all of these risks. The key question if whether (and how) environmental goals can be reconciled with growth and poverty reduction in the developing world. The concept of green growth offers real opportunities for more inclusive growth in developing countries while protecting the environment. Developing countries are the key to achieving global green growth. Although today most developing countries contribute only minor shares to global greenhouse gas (GHG) emissions, their emissions will increase if they follow the same path to economic growth as developed countries have followed. Increasingly developing countries are becoming sources of global economic growth, but accompanied by growing emissions and more intensive use of natural resources. The potential economic and social impacts of environmental degradation are particularly serious for developing countries given their dependence on natural resources for economic growth and their vulnerability to energy, food, water scarcity, climate change and extreme weather risks. All these factors are challenging their ability to develop. Developing countries have the greatest opportunities for capitalising on the synergies between environmental and economic sustainability. A green growth approach is the chance for emerging and developing economies to leapfrog unsustainable and wasteful production and consumption patterns. They can still factor environmental issues into their infrastructure investment decisions and can further develop agriculture and other natural resources in a way that improves livelihoods, creates jobs, and reduces poverty. They are less constrained than developed countries, which are now locked into investment choices and sunk capital from previous decades. Adequate financing and capacity would offer developing economies the opportunity to lay down the infrastructure and networks needed to support a sustainable development path. Collaborations between developed and developing countries are essential in efforts to move towards global green growth. But there is no one-size-fits-all prescription for implementing a green growth strategy. National development strategies must be based on each countrys strengths, bottlenecks and constraints. Developed, emerging and developing countries will face different challenges and opportunities in greening growth, as will countries with differing economic and political circumstances. (OECD, 2012) What is green growth and why it is important for developing countries If the world continues a business as usual approach to meeting the rising global demand for food, energy and infrastructure, the world will exceed its ecological carrying capacity. Volatile commodity prices, uncontrollable pollution, severe damage to human health, and irreversible loss of biodiversity systems will be the consequences of these business-as-usual investment decisions. The concept of green growth reframes the conventional growth model and re-assesses many of the investment decisions in meeting energy, agriculture, water and the resource demands of economic growth. The OECD defines green growth as a means to foster economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies. In this concept, natural capital plays a significant role in ensuring that production and welfare gains are reaped. (OECD, 2012) Some elements of a green growth path to development The overarching goal of green growth is to establish incentives or institutions that increase well-being by: improving resource management so as to boost productivity; encouraging economic activity to take place where it is of best advantage to society over the long-term; finding new ways of meeting the above two objectives, i.e. innovation; Recognising the full value of natural capital as a factor of production along with other commodities and services. Greening the growth path of an economy depends on its policy and institutional settings, level of development, resource endowments and particular environmental pressure points. Policy action requires looking across a very wide range of policies, not just traditionally green policies. Matching green growth policies and poverty reduction objectives will be important for adapting this framework to emerging and developing countries. There are important complementarities between green growth and poverty reduction, which can help to drive progress towards achieving the Millennium Development Goals (MDGs). These include: more efficient water, energy and transport infrastructure; alleviating poor health associated with environmental degradation; and introducing efficient technologies that can reduce costs and increase productivity, while easing environmental pressure. Given the centrality of natural assets in low income countries, green growth policies can reduce vulnerability to environmental risks and increase the livelihood security of the poor. Source: Based on OECD (2011b), Towards Green Growth A summary for policy makers, OECD, Paris. Green growth and sustainable development Sustainable development provides an important context for green growth. Green growth has not been conceived as a replacement for sustainable development, but rather should be considered as a means to achieve it. It is narrower in scope, entailing an operational policy agenda that can help achieve concrete, measurable progress at the interface of the economy and the environment. It provides a strong focus on fostering the necessary conditions for innovation, investment and competition that can give rise to new sources of economic growth, consistent with resilient ecosystems. Green growth strategies need to pay specific attention to many of the social issues and equity concerns that can arise as a direct result of greening the economy both at the national and international level. To achieve this they should be implemented in parallel with initiatives centring on the broader social pillar of sustainable development. The goal for many developing economies is to achieve diversified and sustainable growth over time, which leads to poverty reduction, increased well-being and major improvements in the quality of life of its citizens. This is achieved by taking into account the full value of natural capital and recognising its essential role in economic growth. A green growth model promotes a cost-effective and resource efficient way of guiding sustainable production and consumption choices. Put simply, green growth will help developing countries to achieve sustainable development. (OECD, 2012) Green growth benefits for developing countries Many developing countries face different and more difficult policy choices than developed countries in defining and implementing green growth strategies. Choosing not to bring more land under cultivation because of the high environmental costs will be difficult for a country with high levels of rural poverty. Though, options for increasing the productivity of existing cultivated land should be explored. Evidently, systems to pay poor countries for ecosystem services and increase the economic and welfare benefit accruing to them and their citizens from maintaining environmental assets will be critical for the political feasibility of green growth strategies. Emerging evidence has reiterated that green growth activities can offer both short term and longer term benefits and opportunities to developing countries. Payment for ecosystems services in Costa Rica, sustainable natural resource extraction in Azerbaijan, social enterprise to promote organic waste treatment in Bangladesh have de monstrated the economic opportunities from investing in natural resources and promoting sectoral sustainability. In the short run, green growth policies are most likely to deliver local benefits in improved environmental management through sustainable waste treatment, better access to water and energy and more desirable health outcomes from controlled pollution. However, these short run benefits should be examined against the immediate costs of identified policies. Phasing out fossil fuel subsidies will trigger higher energy price which will burden both consumers and producers; air pollution controls will affect competitiveness and the prospects of specific sectors, potentially threatening jobs; providing fewer incentives for agricultural fertiliser usage to boost soil productivity and promote sustainable agriculture could decrease the income of many small-scale poor farmers. There are certainly trade-offs in the policy implications although the scale varies according to the nature of the economy and the implementation of the green growth measures. In many cases the poor are potential losers as a result of shifting to green growth. In some cases, powerful actors, including political parties, unions, and the private sector face disadvantages from shifting away from their countrys current development plan. Hence, the short-term benefits can become more visible if appropriate and targeted social complementary policies are implemented hand in hand with green growth measures. In the longer run, the recognised infrastructure deficits to support economic activities are considerable, but there is potential for technology leapfrogging and climate-resilient implementation. Severe shortages of electricity supply and high urbanisation rates demand more efficient energy and public transportation systems in cities. There may be potential job creation, for instance, through sustainable management of natural resources which could on one hand release the tension of urban migration given most of these opportunities are available in rural areas; on the other hand to preserve local livelihoods from environmental impacts, in particular of climate change. (OECD, 2012) Green growth: what can it bring developing countries? Economic benefits Increased GDP production of green goods and services Increased revenue from pricing ecosystem services (or their reduction prevented) Economic diversification, i.e. improved management of economic risks and reduced vulnerability Innovation, access and uptake of green technologies, i.e. improved market confidence Environmental benefits Increased productivity and efficiency of natural resource use Natural capital used within ecological limits Reduced adverse environmental impact and improved natural hazard/risk management Social benefits Increased livelihood opportunities, income and/or quality of life, notably of the poor Decent jobs that benefit poor people created and sustained Enhanced social, human and knowledge capital Reduced inequality