Does Corruption Matter?
Journal Title: International Journal of Social Sciences and Education - Year 2016, Vol 6, Issue 4
Abstract
Corruption is a matter for both developed and developing countries as it restricts economic growth that is crucial for poverty alleviation and retards poverty reduction processes through increasing income inequality. This research essay will provide a cost-benefit analysis to support the above statement. The benefits that are gained by voters through corruption, are not well-distributed as different elite groups benefit the most from scarce resources and the net benefit of elite classes, bureaucrats and politicians are the net losses of poor citizens. Therefore, the benefits that corruption can bring, is a matter for poor citizens as corruption creates economic, social and political costs for them. Corruption reduces GDP growth and imposes a tax on FDI and these are crucial for developing and transitional economies. In addition, it restricts poverty alleviation by limiting job opportunities for poor.
Authors and Affiliations
Asma Ara Begum
Keywords
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