Corruption and Development, Revisited
AbstractGraft and corruption is considered to be one of the biggest threat to development. Several studies had shown the tremendous impact of corruption in the economy. For a number of developing countries, a huge portion of government resources are lost and wasted due to corrupt activities, further plunging the country to poverty and underdevelopment. Various efforts to combat this social ill have been explored. However, the problem continues to persist. This short paper revisits the issue and aims to contribute to the growing literature of understanding corruption in developing economies and creating the necessary policy response. It answers the following questions : What are the different forms of corruption? What drives corruption? What has been done to address the issue? The Philippine case is also briefly discussed.
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Bibliographic InfoPaper provided by East Asian Bureau of Economic Research in its series Development Economics Working Papers with number 23088.
Date of creation: Jan 2010
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political economy; corruption; development;
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- William Easterly & Tobias Pfutze, 2008. "Where Does the Money Go? Best and Worst Practices in Foreign Aid," Journal of Economic Perspectives, American Economic Association, vol. 22(2), pages 29-52, Spring.
- Dean Yang, 2008. "Integrity for Hire: An Analysis of a Widespread Customs Reform," Journal of Law and Economics, University of Chicago Press, vol. 51(1), pages 25-57, 02.
- Lalountas, Dionisios A. & Manolas, George A. & Vavouras, Ioannis S., 2011. "Corruption, globalization and development: How are these three phenomena related?," Journal of Policy Modeling, Elsevier, vol. 33(4), pages 636-648, July.
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