Corruption and Growth
Contributed Content (0) and Suggested Materials (3)
Ask a Question
Uh, a very complicated issue. The concept of "corruption" implies a strong judge of value and values are not the same for everyone. Corruption is usually understood as an unfair advantage but, who can determine what is fair and under what conditions? Some people is strongly convinced that capitalistic system and free market are the worst example of corruption and USA is by far the most corrupt country in the world, I don´t think so but I understand that under certain framework of values this may be a valid opinion.In North Korea corruption is when you try to apply free market mechanisms, a highly corrupted system do not harm the growth in this case, on the contrary.I just want to stress how the mindset affect any discussion about corruption who can easily derive into manichean, useless conclusions. I think is better try case by case specifically because talk on "corruption" in general terms may be misleading
corruption can never be good for any country because what is bad has no other name except bad.No any growth corruption can bring in any country.corruption is bad.
An interesting value judgement and certainly I can not argue against that, it is absolutely valid. However in the same line someone can argue against "usury" (loan money with interest), or even against capitalism or free market, in fact many does it so.
I don´t claim that your value judgement is wrong, but it is not universally applicable, other people may have different values, so I think it is not so useful in an economic discussion, at least if intend to remain positive.
From Wikipedia: "Government corruption occurs when an elected representative makes decisions that are influenced by vested interest rather than their own personal or party ideological beliefs." I don't think that fair/unfair value judgements would play any role in corruption with this definition. If an official, following his party line or his beliefs, decides they will grant business licenses to brown-eyed people and not to any other eye-colored people, it may seem wrong or unfair to you but I would not call this corruption.
corruption is what all the people know as something that is not right.e.g giving money to civil servant before rendering a service but to lobbying is what is right .it will not involve giving of money but if money is involve it has become bribe.e.g lobbying for contract.
Nice post!! Thanks a lot for the kind of perfect topic I have not a lot of information about it but I have got an extra unique info in your unique post.!! Kamdev Vashikaran mantra to control woman