The Cobra Effect refers to the unintended negative consequences of an incentive that was designed to improve society or individual well-being. The term derives from an attempt to eradicate snakes in India, wherein people bred cobras to collect rewards for their capture.
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South Korea plans $6.8B emergency budget bill
The supplementary budget aims to mitigate the economic impact of the country’s worst-ever forest fires and counter sluggish growth, says Finance Minister Choi Sang-mok
