BUSA 356 Lecture Notes - Lecture 10: Inspector General, Meritocracy, Competition Law
6 Mar 2018
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Document Summary
Corruption: the abuse of public office for private gain. Corruption dates back as far as 300 bc, katilya, the then prime minister and emperor chandragupta of. India, identified forty ways of embezzlement of funds by public sector employees. Small bribes (often for survival because of low pay: mainly what the public encounters, effect: burden on the poorest, increases synicism and erodes confidence in government. Grand corruption: corruption at highest levels and involving "big money, effect: curbs & distorts investment & development. Invisible to the public and often hard to prove. Looting - state capture: political and vested interests run the state primarily for the benefit of those in power and their entourage. Infant mortality is reduced when there is high control of corruption: per capita income increases with regulatory burden, per capita income also increases with increased voice and accountability. Literacy increases with increases in the rule of law.
