Unit II Critique: The Role Of Corruption And Human Capital Investment

Article Critique
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Article Critique
Bryant, C. E., & Javalgi, R. G. (2014). Global economic integration in developing countries: The role of corruption and human capital investment. J Bus Ethics, 5(136):437-450
Globalization is a multifaceted and complex concept involving the interaction amongst governments, services, business organizations as well as societies beyond national borders. Consequently, economic interdependence of countries, international trade in services and goods, and the flow of foreign direct investment have all been growing. At the same time, there are concerns with regard to the prevalence of corruption in many societies and cultures particularly in developing countries and their impact of the economies of such nations. In this article, Bryant and Javalgi (2014) look into the association between the level of national corruption, human capital investment, and the global economic integration of developing countries. They gathered data from a total of 60 developing nations. The findings of their study indicated that corruption and human capital investment are both linked to global economic integration. In addition, the corruption level moderates the correlation between global economic integration and human capital investment of developing nations (Bryant & Javalgi, 2014).
The intended audience of the authors mainly include policymakers and national leaders of developing nations, as well as multinational businesses that operate or intend to operate/invest in developing countries through FDIs. The findings demonstrate the need for developing nations to develop their human capital which is of great importance in the knowledge-based economy of today (Bryant & Javalgi, 2014). For developing nations to attain increased economic interdependence, national leaders and policymakers should strive to encourage investments in the development of human capital and decrease corrupt practices. Scholars and students who are interested in the topic of how human capital investment and corruption affects global economic integration in developing countries can also be considered an audience.
What appear to be valid are the authors’ findings that increased level of corruption in a developing nation negatively affects the global economic integration of that country and therefore a negative impact on economic growth, and that increased investments in human capital positively impacts the global economic integration of a country (Bryant & Javalgi, 2014). This is valid given...