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Effect Of Corruption In Economic Growth
Corruption in any form is treated as an incurable disease cause of many social and economical evils in the society and it damages the moral and ethical fibers of the civilization .

Corruption in any form is treated as an incurable disease cause of many social and economical evils in the society and it damages the moral and ethical fibers of the civilization .Indisputably, it is correct that corruption breeds many evils in the society & once corruption start take place ,slowly and gradually whole country passes through its net and it become after some time incurable diseases .from the economic point of view ,there seem to be no clear cut correlation between corruption and the economic growth of a country. There may be some social maladies like inequality of income among the people ,moral degradation of people due to the prevalence of corruption ,the parameter of economic growth which are taken on percentage or an average basis are entirely different


We can find several countries having corrupt regime but yielding excellent economic result and other countries with clean regime showing very poor result in term of economic prosperity and growth.

 Corruption in long run may destroy the whole society morally, ethically and economically .May be in the long run, a country needs clean government to reach top of the income ladder, may be rapid income growth by its self induce better accountability and governance, may be corruption in long run degenerate the society into several misfortune and evils .But clean govt is not necessary condition for rapid economic growth.

A survey conducted by World Development Report some year ago, business man in surveyed countries said that the main problem with corruption was that it increases risk and uncertainty .The risk declined dramatically if corruption produced reliable outcome .If all player have to play 10% and could treat of getting their license entrepreneurs could treat this as just one more tax, factor it into their calculations of profit and so could invest with confidence of sure gain.



The quality of institution seems to be the most important factor for the growth of a countries .If the institution work moderately well, progress is possible even if money is skimmed off at the top .But if the institution are incapable of enforcing any right, corruption will hasten economic collapse.


In brief it can be concluded that corruption and economic growth has no clear correlation .strong institution, political stability, fast and reasonability in decision taking are some of the requirement for fast economic growth.