Malematsa
What is the Impact of Corruption on Economic Development in the Newly Industrialised Countries of South East Asia?
Political Corruption | L2046
Abstract
Corruption, a previously neglected issue, became one of the greatest preoccupations of Western powers trying to bring stability and prosperity to global markets. This essay seeks to establish the relationship between corruption and development. The focus of this paper will be the South East Asian Newly Industrialised Countries (NICs). I suggest that whilst it is difficult to ascertain the exact impact of corruption on development, in the absence of corruption, even greater and more sustained levels of development can flourish. I argue that despite arguments to the contrary, all corruption is inimical to the process of sustainable development. I suggest that the impact of corruption on development is clearly discernable though examination of the Asian Financial Crisis of 1997. This event demonstrated that whilst development and corruption can coexist, corruption creates unsustainable inefficiencies and inherent weakness in the economy for the long term.
Table of Contents
Abstract 2
Introduction 4
Perspectives on Corruption 6
Corruption and Development 7
Influencing Government 7
Predictability 8
Innovation 9
Competition & Efficiency 11
Government Policy 12
Methodology 15
The Asian Miracle and Corruption 16
The Paradox of Corruption and Growth 16
Tangible Costs of Corruption 18
Intangible Costs of Corruption 20
Uneven Impact of Corruption and Development 21
The Asian Financial Crisis 23
Crony Capitalism 23
Unveiling the Impact of Corruption 25
Conclusions 27
Bibliography 29
Books 29
Journals 29
Online Sources 30
Other 31
Appendices 32
Introduction
The post Cold War, globalized era of the 1990’s saw a renewed interest in corruption and its impact. Corruption, a previously neglected issue, became one of the greatest preoccupations of Western powers trying to bring
Political Corruption | L2046
Abstract
Corruption, a previously neglected issue, became one of the greatest preoccupations of Western powers trying to bring stability and prosperity to global markets. This essay seeks to establish the relationship between corruption and development. The focus of this paper will be the South East Asian Newly Industrialised Countries (NICs). I suggest that whilst it is difficult to ascertain the exact impact of corruption on development, in the absence of corruption, even greater and more sustained levels of development can flourish. I argue that despite arguments to the contrary, all corruption is inimical to the process of sustainable development. I suggest that the impact of corruption on development is clearly discernable though examination of the Asian Financial Crisis of 1997. This event demonstrated that whilst development and corruption can coexist, corruption creates unsustainable inefficiencies and inherent weakness in the economy for the long term.
Table of Contents
Abstract 2
Introduction 4
Perspectives on Corruption 6
Corruption and Development 7
Influencing Government 7
Predictability 8
Innovation 9
Competition & Efficiency 11
Government Policy 12
Methodology 15
The Asian Miracle and Corruption 16
The Paradox of Corruption and Growth 16
Tangible Costs of Corruption 18
Intangible Costs of Corruption 20
Uneven Impact of Corruption and Development 21
The Asian Financial Crisis 23
Crony Capitalism 23
Unveiling the Impact of Corruption 25
Conclusions 27
Bibliography 29
Books 29
Journals 29
Online Sources 30
Other 31
Appendices 32
Introduction
The post Cold War, globalized era of the 1990’s saw a renewed interest in corruption and its impact. Corruption, a previously neglected issue, became one of the greatest preoccupations of Western powers trying to bring
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