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Strategies & Market Trends : Asia Forum

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To: Mohan Marette who wrote (667)	1/10/1998 3:32:00 PM
From: Geoff Nunn	of 9980

Mohan, It's been my observation that govts that are most corrupt are usually the same govts that are most powerful. You used to rarely hear much about govt corruption in Hong Kong. Why? Because the govt there was limited and relatively powerless to do the sorts of things that invite corruption. When govt has the power to decide who will be awarded business operating licenses, or financial subsidies, import licenses, monopoly privlege, debt guarantees, etc. etc, it's only natural that firms will compete to receive these things -- with some offering bribes if necessary. In Hong Kong officials did not wield the power to grant such favors so there was relatively little corruption. Govt corruption was primarily confined to awarding govt contracts for things like construction of public housing. When other Asian countries adopt the kind of limited govt Hong Kong had (has?), abandoning the Mercantilist approach that you see there today, you will see less corruption. I'm not holding my breadth. Geoff

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