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> In most places in the world, corruption tends to be growth-reducing, but this is much less true in East and Southeast Asia, where it tends to be growth-enhanc
by rippercushions 4y ago
> In most places in the world, corruption tends to be growth-reducing, but this is much less true in East and Southeast Asia, where it tends to be growth-enhancing.
This is a pretty astonishing claim. The richest place in Asia is famously corruption-free Singapore, and it's blatantly obvious that corruption has held back neighboring countries like Malaysia (billions embezzled from 1MDB), Philippines, Indonesia, Thailand etc.
- readthenotes1 4y agothe claim is also ridiculous. the special benefits given to a few "capitalist" firms could have been done without kickbacks to politicians...
- seunosewa 4y agoThe competition to export more in order win more govt support seems to have been the key. It doesn't require kickbacks to politicians, either.