GS4
Global financial institutions like IMF, World Bank, etc. have been using INCOME APPROACH for decades now to gauge developmental levels of various countries. However, with time, several new & better approaches have come to the fore like ILO's 'Basic needs approach'.
Answered by 1 topper · CSE 2020
Syllabus: Public/Civil service values and Ethics in Public administration: Status and problems; ethical concerns and dilemmas in government and private institutions; laws, rules, regulations and conscience as sources of ethical guidance; accountability and ethical governance; strengthening of ethical and moral values in governance; ethical issues in international relations and funding; corporate governance.
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