Featured Research

from universities, journals, and other organizations

Corruption is slowing economic growth in low-income countries

Date:
September 23, 2011
Source:
University of Greenwich
Summary:
A significant increase in incidents of corruption is undermining the benefits of economic liberalization, according to a recent systematic review. Drawing on over 100 studies and 596 estimates on low-income and other countries, the review documents the economic impacts of corruption, and concludes that practices such as nepotism, bribery and embezzlement are slowing economic growth directly and indirectly through adverse effects on human capital and public finance.

A significant increase in incidents of corruption is undermining the benefits of economic liberalisation, according to a systematic review by researchers at the University of Greenwich. Drawing on over 100 studies and 596 estimates on low-income and other countries, the review documents the economic impacts of corruption, and concludes that practices such as nepotism, bribery and embezzlement are slowing economic growth directly and indirectly through adverse effects on human capital and public finance.

Report authors Dr Mehmet Ugur of the Business School and Dr Nandini Dasgupta of the School of Humanities, state that corruption is an 'international public bad', and not one confined to low-income countries. Their review, written primarily for policy-makers and those attempting to tackle corruption, offers ample evidence of the need for anti-corruption policy interventions in support of steady economic growth. But it also demonstrates that such interventions must be integrated with improved governance, particularly the management of public investment and expenditure, in order to have any sizeable impact on economic growth.

While corrupt practices are endemic throughout the world, there is growing determination in many countries to root out dishonest practices that favour the wealthy at the expense of the poor, and the wider economy. Tens of thousands have taken to the streets in Brazil and India during recent weeks to protest against the culture of kickbacks, secret party funding, turning a blind eye and repaying 'favours for favours'.

Evidence on the economic growth impacts of corruption in low-income countries and beyond: a systematic review is available to view online, and was funded by the UK Department for International Development (DFID).

Review.


Story Source:

The above story is based on materials provided by University of Greenwich. Note: Materials may be edited for content and length.


Cite This Page:

University of Greenwich. "Corruption is slowing economic growth in low-income countries." ScienceDaily. ScienceDaily, 23 September 2011. <www.sciencedaily.com/releases/2011/09/110923095011.htm>.
University of Greenwich. (2011, September 23). Corruption is slowing economic growth in low-income countries. ScienceDaily. Retrieved August 21, 2014 from www.sciencedaily.com/releases/2011/09/110923095011.htm
University of Greenwich. "Corruption is slowing economic growth in low-income countries." ScienceDaily. www.sciencedaily.com/releases/2011/09/110923095011.htm (accessed August 21, 2014).

Share This




More Science & Society News

Thursday, August 21, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Do More Wedding Guests Make A Happier Marriage?

Do More Wedding Guests Make A Happier Marriage?

Newsy (Aug. 20, 2014) A new study found couples who had at least 150 guests at their weddings were more likely to report being happy in their marriages. Video provided by Newsy
Powered by NewsLook.com
Charter Schools Alter Post-Katrina Landscape

Charter Schools Alter Post-Katrina Landscape

AP (Aug. 20, 2014) Nine years after Hurricane Katrina, charter schools are the new reality of public education in New Orleans. The state of Louisiana took over most of the city's public schools after the killer storm in 2005. (Aug. 20) Video provided by AP
Powered by NewsLook.com
Kids' Drawings At Age 4 Linked To Intelligence At Age 14

Kids' Drawings At Age 4 Linked To Intelligence At Age 14

Newsy (Aug. 19, 2014) A study by King's College London says there's a link between how well kids draw at age 4 and how intelligent they are later in life. Video provided by Newsy
Powered by NewsLook.com
Breakingviews: Ebola's Economic Impact Could Eclipse SARS

Breakingviews: Ebola's Economic Impact Could Eclipse SARS

Reuters - Business Video Online (Aug. 18, 2014) The virus ravaging Africa has yet to spread elsewhere. Yet Asia’s SARS crisis in 2003 showed how changes to behaviour can hurt the economy more than the actual disease, says Breakingviews' Una Galani. Video provided by Reuters
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:
from the past week

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins