This paper discusses the relationship between corruption and economic development. It questions the view that, under certain conditions, corruption may enhance efficiency and argues that though corruption may benefit powerful individuals it will indubitably lead to greater inefficiency and a waste of resources at a macro-economic level. Following a brief introduction, the author suggests that a possible cause of corruption is the weak productive base, the essential condition for the appearance of shortage which, in turn, spurs corruption. Some possible impacts of corruption are then examined. While no specific policy measure is suggested, a more accountable political system would certainly be a move in the right direction.
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