Citation Number
9
Views
66
Downloands
32
Economic theory and empirical evidence both demonstrate that there is a direct causal link between corruption and economic growth. Corruption impedes economic growth by discouraging foreign and domestic investment, lowering the quality of public infrastructure, decreasing tax revenues and distorting the composition of public expenditure. In addition to limiting economic growth, corruption also exacerbates income inequality. Corruption distorts the economy and the legal and policy frameworks allowing some to benefit more than others; there is unfair distribution of government resources and services. In conclusion, corruption does exacerbate and create poverty. But business ethics and ethical management both at private sector and government are likely to not only reduce corruption, but reduce poverty as well
economic theory and empirical evidence both demon that there is a reason directal link between corruption and economic growth corruption impedes economic growth by discouraging foreign and domestic investment lowering the quality of public infrastructure decreasing tax revenues and distorting the composition of public arbitration ́s addition to limiting economic growth corruption also exacerbates revenue inequality corruption distorts the economy and the legal and policy frameworks allows some to benefit more than there others is distribution unfair of government management resurces and corruption services fail to change the corruption in the leadership of the sector as well as failure to change in foreign sector
Article Detail 
Citation Owners
Similar Articles
Journal Information
Listen Paper
Print This Page
Share
Mendeley