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To: Ahda who wrote (2932)1/8/2001 11:33:11 AM
From: hobo  Respond to of 3536
 
I don't know if i agree with you because number one corruption can have a zero effect due to it's very nature of being wide spread it fights itself so it contains itself.

it makes the use of resources far less efficient by waste and "redirecting" (hence reducing), otherwise funds available for real projects, into pockets of individuals. (imo). (another example, it makes the cost of projects far more expensive than under less corrupt environments, which also reduce the $$ available overall).

I do feel that underdeveloped nations that are now seeing growth will begin to shine. The desire factor is there for future generations as a hungry stomach a little filled has the greatest impact on humans in the form of I like feeling good.

very true. but by the same token it makes the local "old guards" more entrenched and unwilling to "share the power" (and wealth). all this makes the growth you speak of more difficult to come by since the masses are somehow limited in their purchasing power. wealth is sometimes very concentrated to the upper levels of those communities.



To: Ahda who wrote (2932)1/9/2001 9:45:23 PM
From: Zeev Hed  Read Replies (1) | Respond to of 3536
 
Darleen, corruption cost the world wide economy 1% of its annual growth rate, according to a recent CIA report.

Thanks to John Curtis from the VLNC thread for this URL:

cia.gov.

a cool $500 Billions annually.

Zeev