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> You can't go from receiving foreign aid from Ethiopia one day to being a glittering rich megalopolis the next day without a culture of corruption What? Corru

• Joker_vD 2y ago
  There has actually been quite a number of studies like Abstract: Several cross-country studies have found that corruption is detrimental to economic growth, but the findings are not universally robust. We utilize the economic freedom index to examine if corruption can facilitate growth by allowing entrepreneurs to avoid inefficient policies and regulations when economic freedom is limited. Using regression analysis, we find that corruption is growth enhancing when economic freedom is most limited but the beneficial impact of corruption decreases as economic freedom increases. Not all areas of economic freedom affect the corruption-growth relationship equally. In particular, we find that when we analyze individual areas of economic freedom the beneficial effect of corruption disappears most quickly when the size of government and the extent of regulation decrease. But whether they're valid or not, I can't say.
  • xeonmc 2y ago
    See: Middle East
• unsupp0rted 2y ago
  Korea didn't become prosperous "because of" corruption and nepotism necessarily, but at least "in addition to". And now that it is prosperous and the rising tide has lifted all ships, it'll be a few more generations before they can largely clean up the corruption and nepotism that has been along for the ride.