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The Effects of Corruption on Countrys Development - Report Example

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The report "The Effects of Corruption on Country's Development" aims at waiving the problems encountered in comprehending the exact nature οf the relationship between corruption and economic development. The world view today is directed towards concepts οf sustainable development…
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The Effects of Corruption on Countrys Development
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Download file to see previous pages Efficiency being advocated at all levels οf the world outlook has now transitioned from the sustenance οf regulated economies to a liberalization οf the world economy. It is in this regard that corruption, a relatively new phenomenon, is gaining widespread importance in economic circles. What distinguishes corruption from other indicators is essentially the fact that it is a non-quantifiable concept.
While measures οf growth, education, and access to health facilities are easily available, it is extremely difficult to assess the level οf underhand dealings in an economy. The lack of concrete information makes any corruption measure largely susceptible to biases and subjectivity. To augment is depending on the definition of οf corruption for any single economy. To this effect, we have attempted to do the following:
* Formulate an acceptable definition οf corruption and justify it; for the purposes οf our study, we have defined corruption as the abuse οf public office for private gain.
* Present a theoretical framework in which to view the effect οf corruption on growth; we have presented annotated summaries for acceptable theories about corruption. At the same time, we have ventured to formulate our hypotheses about the corruption-development relationship.
* Test the theoretical base for empirical validity; By conducting a cross-sectional study, we attempted to discern the practical significance οf corruption. For the purpose οf the best, we formulated our model οf economic development, using both theory and relevant econometric tools. In the wake οf this, we have rejected and accepted several theories.
* Arrive at a suitable conclusion as to what the exact link is between corruption and economic development.
* Present remedies and solutions to the problems associated with corruption; these solutions are proffered at both a micro and macro level. ...Download file to see next pagesRead More
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The Effects of Corruption on Country'S Development Report Example | Topics and Well Written Essays - 1750 Words - 1. https://studentshare.org/macro-microeconomics/1543704-high-levels-of-corruption-limit-investment-and-growth-and-lead-to-ineffective-government-discuss-with-reference-to-concrete-examples.
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