discuss What is the relationship between corruption and economic development?

[ActionAce]

The relationship between corruption and economic development is a complicated thing. Economic growth suffers when corruption exists while economic development makes corruption worse. Governments should make transparency and accountability their top priorities in order to develop economic activities.

 

[Reelz]

Obstacles to economic development is primarily from corruption. In my country, our natural resources where been redirected through corrupt practices and that’s an obstacles to economic development and infrastructure development as well.

 

[Unvarnished]

In some cases, the effects of corruption do not always block economic growth. Business innovation using corrupt methods could bring economic growth particularly in developing regions. Some developing market entrepreneurs discover that corruption offers them quick access to both markets and financial capital. Don't get wrong, I'm not justifying corruption but what I've said is the truth.