The employment Retirement Income Security Act: An unkindly illusion

Abstract

The level of economic development and the path taken to sustain such development are invariably deterministic of chosen forms of governance, and the political realities that inform them. The literature on political economy is near unanimity on this claim, especially as it pertains the experiences of the developing world --- Africa, the Middle East, and parts of Asia. The relationship between economic development and choice of governance is indeed intricate, for it touches all mechanisms by which a society deploys its resources to meet defined goals and expectations, and how it defines and distinguishes itself from others. It is to this relationship that one must appeal in order to understand, not only why countries in sub-Saharan Africa remain economically underdeveloped, but also the forms of government that exist in the sub-continent.Development Economics