Topic: Corruption and it effects to developing Economies of the world - page 6. (Read 985 times)

Corruption is the worst, but it's not the only problem. There are also structural problems, missmanaged institutions and bad infrastructure that make countries have difficulties to develop. However, nations like Vietnam and Angola have shown that strong anti corruption government create an enabling environment for progress even in resource rich contexts.

Also in my opinion, focusing only on corruption may overlooks external factors like global economic shifts and unequal trade practices. Especially for countries that heavily reliant on exporting raw materials, they are vulnerable to price swings dictated by global markets. Removing corruption is definitely vital, but addressing bad economic dependencies is equally crucial for countries to grow and develop.

African countries do not experience many major natural disasters that other continents of the world experience, but one of their major problems remains corruption, which has spread even more, not just with politicians but also with citizens of the country. Corruption is now like a plague that will require a massive reorientation program for it to be eliminated because even citizens who are not yet in positions of power have already built up a corrupt mindset to say that if they happen to have any opportunity to be in a position of leadership, they will make sure to exercise their power for their financial gain.

Corruption could crippled the economy of certain country and until there's a leader that is so greedy to grab the resources of their country then there's no growth to expect from these officials.

We know how bad the economic state of those countries stated here and I don't know on why these corrupt people still not been eliminated in their seats since we have now social medias where everyone can express their opinion and the would know the real situation on their country. If they keep voting those people who's not for people and for growth of their country then expect that no changes will happen. But if they start to wake up and find those good people who's aim to change the status of those countries then maybe there's a good chance that they could see some developments.

You hit the nail on the head, corruption is the virus that is eating the economies of many underdeveloped countries and until it is addressed and dealt with, these countries will continue to remain poor and dependant on developed countries that depends on their natural resources to become richer, very ironic. You should ask yourself why all these backward countries are all ruled by people who have no business being in leadership positions? They're either ruling for decades without any meaningful development or they're replaced by like-minded criminal leaders who only care about enriching themselves at the detriment of the common masses.

These countries have proactive citizens that can turn their economy around but somehow they will never make it to leadership positions, most times elections are rigged so that the corrupt politicians will remain in power or be replaced by equally corrupt politicians. The paradigm shift for these backward economies is to have free and fair elections to elect credible individuals to occupy leadership positions. But when will it happen, that is the question mark?

They really need to address corruption from the ground up because when a country is considered one of the most corrupt, it directly impacts the majority of the population financially. Taxes aren’t properly utilized, and the government fails to provide for its people. I live in a country where corruption feels deeply rooted, and I strongly believe it’s the main reason for economic struggles. It’s painfully obvious that many politicians view politics as a business. "Vote buying" is rampant, and even though authorities are aware of it, they can’t, or won’t-- stop it. This makes me think it has become ingrained in the culture, where people expect money during elections without realizing they’re selling their future to these corrupt officials.

In a country with high corruption, people tend to rely on government aid, which creates dependency. Politicians use this to their advantage, portraying themselves as saviors while failing to implement real, long-term solutions. The correct approach would be to improve the economy by investing in opportunities that empower people. Like the saying goes, "Don’t give people fish; teach them how to fish." But that’s not what happens, politicians prefer short-term handouts to maintain control and continue misusing government funds. It’s a vicious cycle that keeps the majority struggling while the corrupt thrive.

With developing economies of the world struggling to stand and be among the top Economies of the world and compite with the rest of the world corruption seems to be the biggest problem that is bedeviling developing Economies of the world, mostly African Economies.
Am of the view that these Economies will not have any meaningful economic progress until they deal with the problem of corruption in their countries because looking at these developing Economies most of them are very blessed with mineral and human resources but what is the problem that they can't even afford their citizens with the basic necessities that they need such as good road's, electricity, access to quality health care system and a access to quality education system.

Until corruption is done away these Economies will continue to be puppies in the world