Corruption Erodes Gains

Gideon Fairchild

Translator A AI

Summary

Corruption Erodes Gains meticulously examines how corruption undermines economic growth and sustainable development, challenging the notion that it merely "greases the wheels" of commerce. The book argues that graft systematically diminishes national wealth, spotlighting how inflated contract prices and misappropriated funds directly drain economies. Intriguingly, the book points out that corruption's indirect costs, such as reduced foreign investment and weakened institutions, can be even more damaging, especially in an era of increasing globalization.

 


 
The book takes a mixed-methods approach, starting by defining corruption and its theoretical impacts before presenting empirical evidence from sources like the Corruption Perception Index. Later chapters delve into sectors vulnerable to corruption, such as public procurement and natural resource management, illustrating how corruption directly reduces economic gains. It concludes with practical strategies for combating corruption, emphasizing transparency and accountability at both national and international levels.

Available since: 02/27/2025.

Print length: 83 pages.

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