Research post topic and submit 260 word post on the given topic, indicate at least three academically reviewed journal articles in reference in original post. This assignment is to be scholarly; it is not enough for you to simply post your article and add cursory reviews. CITED REFERENCES ARE REQUIRED. Structure your post as an essay with Introduction, Body and Conclusion.
Also post a reply to given 2 posts, include at least 150 words in each post and provide at least one reference separately. In reply posts, do not say, good job, way to go, etc. Reply post can either answer another student’s question, or comment on their post based on your research. Your reply should reflect an understanding of the post to be replied and should be relevant with the post.
How would you explain the correlation between the amount of corruption in a country and economic development?
Reply to following posts with at least 150 words and at least 1 cited reference, do not say, good job, way to go, etc. Reply post can either answer another student’s question, or comment on their post based on your research. Your reply should reflect an understanding of the post to be replied and should be relevant with the post.
The correlations between the corruption in country and development of economic included with irregular controls between these two factors. Evidence of economic propose with high levels fundamentally corruption decrease the international trade levels, direct foreign investments and develops economic rate of development in a country. Corruptions are at high levels of government at government that are affected by standard living citizens and economic nation’s development (Ertimi, 2016). By profits redirecting, government degenerate the politicians and profits with investments of business and consequently decreased with incentive that have both domestic and foreign needs of business will put into resources of a country.
Therefore, many of the learners are likely to agree with bad corruptions, some will bring to the US despites with Foreign Practices Corrupt Act, will allow with payment grease to secure the performances of routine governmental activity. As congress indicates by technical bribes which are not utilized in acquiring the business maintenance that are made in simplifying the obligation performances that have recipients which are already committed with performance (Rabnawaz, 2015). The corruption levels within country should have the note with circumstances immediately and results with logical relationships result economics development.
The country will have less corruptions or more potential regulating by government and influence with positive development. A few analysis financial believe that facilitates the payments for conveying the profits significantly and people have local job ways and income as well (Ondo, 2017). The types of corruptions will have limited boundaries within goal advancements and developments to be made.
Corruption is a term we get to hear very frequently these days; every country experiences this among their bureaucrats which in turn seem to affect the economic development of their country. Corruption can be defined as “The abuse of public office for personal gain” (united nation 2003). Economic development is the economic or financial well-being, growth and development in order to attain the quality of life of an individual and nation at whole. Bribery, money laundering, drug trafficking, organized crime are the major factors that affect economic development (Barone and masciandaro 2011).
Corruption is said to be “legally wrong, morally wrong and morally indecent” (Ertimi and Saeh 2013). Corruption was considered relevant and to have an adverse effect on economic growth (Anderson 2015). Corruption is at its peak in the current century, and surveys show the more a country has corruption the slower is the economic growth of that particular country. There are many factors that give rise to corruption and make a pavement for its growth, like Bad laws may yield more corruption in an attempt to by-pass failed governments (Anderson 2015). As corruption affects every spear of society, it has a devastating impact on the overall development of the country (eg: Bangladesh); corruption impedes development as it slows down the speed of the economic activity through its long-lasting effect in the process of development (ahmed, habibullah 2017). The money that is expected to be used for the development of the society is illegally and immorally used for an individuals or groups personal benefit which is termed as black money, resulting in derogatory growth of the country.