Corruption and Development

In: Business and Management

Submitted By spahwa
Words 3084
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DEVELOPMENT THEORY AND EXPERIENCE PROJECT
CORRUPTION AND DEVELOPMENT

PREPARED BY:-
SHREYA BHARADWAJ(623)
SWATI PAHWA(662)

CONTENTS 1. What is corruption? 2. Need for a theory of corruption 3. Origin of corruption 4. Causes of corruption 5. Measuring corruption 6. A sketch of a theory linking corruption and development. 7. Correlation 8. Effect of corruption on development 9. Conclusion
10.Bibliography
11. Appendix

1. What is corruption?
Now-a-days corruption can be seen everywhere. It is like cancer in public life, which has not become so rampant and perpetuated overnight, but in course of time. When we talk of corruption in public life, it covers corruption in politics, state governments, central governments, "business, industry and so on. Public dealing counters in most all government offices are the places where corruption most evident. If anybody does not pay for the work it is sure work won't be done. Corruption is a particularly serious issue in developing economies like India. “High levels of corruption limit investment and growth and lead to ineffective government. Developing countries and those making a transition from socialism are particularly at risk, but corruption is a worldwide phenomenon.”
“If corruption does slow down economic development, East Asia must be an exception because while the region seems corrupt, it is able to attract lots of foreign investment and generate growth.”

2. The Need For A Theory Of Corruption.
Corruption is an endogenous phenomenon of organisations and societies. In order to target the right level of corruption in a society, it is essential to design a proper cost/ benefit analysis, and therefore to build a good understanding of the mechanics of corruption.
A scientific approach to the analysis of corruption is a necessary requirement…...

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