How corruption affects the economy of a Nation?

[iori23]

Corruption is really big effect in a country, .many are hungry, poor people, many people are also unemployed., there are really people in the government who have corrupted their work. so other people go abroad just to increase their income.

 

[Heatman]

Corruption affect countries economy in many way because the money that should be use for economic progress will be us on personal self and that the biggest corruption and it doesn't make country development.

If you look at these greedy politicians, none of their children goes to school in Nigeria, this is because the academic structure in Nigeria is messed up and nothing to write home about. The money that is meant to be used to develop our educational system is pocked by these evil men and they use it to send their kids abroad.

 

[lelakil3]

Many underdeveloped countries are suffering because their leaders are too corrupt. They steal money meant for developing the country to save in banks abroad and also to send their children to expensive schools while their Citizens suffer due to lack of infrastructural development and swift policies that would provide an enabling environment for businesses to thrive.
With This, less businesses succeed and then the economy doesn't improve, thus making life difficult.
How else does corruption affects a nation's economy?

It much affect the whole countries cause of the corruption to the nation as the country will suffer a huge loss and maybe debt to other country then it will be overpowered by the other country because of the debt cannot be paid of like what's happening right in our times.

 

[Psalmsavatar]

In my country, corruption is the bed rock of poverty. It's the reason for poor economy. It's the reason for no performance of the political office holders. In business, corrupt people thrive because they jump protocol to obtain undue favor and deprive the loyal citizens many economic advantage.

 

[afolabitope]

corruption is the deadly disease that can kill and affect the growth of any nations and the future of that nations is at risk, because they leaders would be able to enrich their pocket and they would not be able to focus on the development of the country and such things would affect the economy of that country.

 

[DareIsrael]

Economy is scattered when corruption is rampant. Corruption leads to bad policy being implemented. It prevents foreign investors from investing because of fear of accountability. Corruption is disease that will tear than a nation.

 

[Shahzaib37]

Many underdeveloped countries are suffering because their leaders are too corrupt. They steal money meant for developing the country to save in banks abroad and also to send their children to expensive schools while their Citizens suffer due to lack of infrastructural development and swift policies that would provide an enabling environment for businesses to thrive.
With This, less businesses succeed and then the economy doesn't improve, thus making life difficult.
How else does corruption affects a nation's economy?

Corruption effects a country very highly for this a poor man not get any job and progress only corrupted people make wealth and rice by collect money of poor and other people.
It effects on country very badly and country loos their money value.

 

[Joseph555]

Corruption can destroy a country's economy from 100% to zero percent, corruption is not to build but to destroy,
If a country is governed by large number of corruption leaders, there is no way that country will survive another decades

 

[ronaldlorenzo01]

When there is corruption in the government the economy will decline. In some countries you cannot change their practices even there is a new government sit the thrown. When they see the opportunity of millions for sure you will go with the flow.

 

[jimmann247]

You just spill the truth, nothing but the truth. The worse of it all is that this so-called leaders implement law that still make there citizens to remain poor, they never help the citizens in any form, they are just after themselves and their families. Corruption has really done worse.

 

[Chibson]

Corruption cripples the growth of a nation and stunts the economic development and social welfare of its citizens. Corruption is like a virus,every nation should do what it takes to flush out corruption from their country. Now, take a look at the all the countries in the world, then look at those corrupt countries and tell me where they are economy is today.

 

[Tanny]

The type of corruption that corrupt or implicate the economy of Nigeria is the corruption of pipeline.what is pipeline usually brings money to the nation through these people since that pipeline brings money and therefore what do they do the what the case the pipeline.
[automerge]1612619047[/automerge]
The type of corruption that corrupt or implicate the economy of Nigeria is the corruption of pipeline.what is pipeline usually brings money to the nation through these people since that pipeline brings money and therefore what do they do the what the case the pipeline.

 

[Thosynho]

Corruption is very bad to any economy and this has eaten down into the roots of many 3rd world countries especially Africa. The way most Africa country are structured allows corruption and leave many corrupt leaders unchecked.. I believe corruption can only be curb to an extent when the countries are restructured and many laws are put i n place to check the leaders

I want to believe that there is no nation that is 100% free from corruption in the whole world. However, corruption is in stages and wears different look or surface differently. No nation that is neck deeper in corruption can ever develope and that is what affecting almost all the developing or underdeveloped countries we see around.

 

[Usman Sattar]

The mission of the new Academy of Management Perspectives (AMP) is to provide accessible articles about important issues concerning management and business. AMP articles are aimed at the non-specialist academic reader, not practicing managers, and rely on evidence as opposed to theory or opinion for their arguments. All articles are fundamentally based on research evidence, which can be quantitative or qualitative, but not on opinion. Articles focus on the phenomenon of business and management rather than theory; they do not necessarily have to advance the existing academic literature. Articles might include reviews of what we already know about particular.

 

[George10640]

I think corruption being among very many countries and those governments have decided to go with that. I am very sure that the law will never be followed if that is done.The needs for people in the lower backgrounds will never be met or dreams for the focused ones will never being achieved. Especially in education you study with the mind of whom do you know.

 

[Dowenship]

Its takes a whole lots of destruction on the country because there will be no employment opportunities or bad roads and like! The people suffers the repercussions while they enjoy the money stolen.

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