Figure 1 The correlation between corruption and GDP per capita
Lord Acton, a British historian of the late nineteenth and early twentieth centuries, said ‘Power tends to corrupt; absolute power corrupts absolutely.’ Yet economists disagree whether corruption is beneficial or harmful in terms of economic development.
Two hypotheses have been put forward to explore the corruption–growth nexus.
Your organisation does not have access to this article.
Sign up today to give your students the edge they need to achieve their best grades with subject expertise
Subscribe
