How corruption affects the economy of a Nation?

[Holluwaphemmy]

corruption is a major instrument that brings about economic recession. Corruption can never bring forth good seeds rather it cause hatred and anger. Corruption bring about economic recession in the sense that the leaders embezzle the money and substances meant for the masses

 

[Bookwormlux1]

Corruption not only affect the productivity of the nation. It also affects the image of the country. Although there is no country devoid of corruption, it is prevalent in Africa. To enhance the economy, government should find a mean of reducing corruption.

I agree with you? It's not easy to fill an information session you are from a country that's reputed for high level of corruption. You could lose so many opportunities just from being a citizen of such a country, corruption has done so bad to many countries.

 

[Sincerem]

Corruption has its own adverse effects on the economy.it hinders the development of economy and create obstacles.corruption also destroys the rights of people.humans rights have adversely detroyed because the amount of money that has to be invested on people would not be available to be spent.corruption also distributes to poor education because the funds are robbed.

You're there, corruption leads to poor education, infrastructural development of a country, poor power supply, bad roads, underdevelopment etc. If the money isn't robbed off by fraudulent and corrupt leaders. Everything could have been channeled to greatness.

 

[Alexandoy]

This is painful to me because corruption is a big problem in our country. Everyone in the government is suspect whether he is a janitor or a manager or even a president of a government corporation. One economist said that our country couldn't move forward because the money for the project goes to the pockets of the corrupt official. Even our president had declared a war against corruption in the government when he became president in 2016 but no big fish is thrown to jail until now.

 

[Afeefah]

Corruption is caused by the greed of our leaders and the entire Masses put together.
While we think only our leaders are greedy, we forget that we could also be greedy too. Its in human beings nature to be greedy.
The rich continues too get rich while the poor man continues too suffer and when he gets rich, he forgets others who are just as he once was, so corruption is every way.

We just need to try and curb our greed to a reasonable level.

 

[Adebayonle7]

Effects of corruption on all sectors of a country cannot be overemphasized. Every country has all it takes to cater for all the needs of its people and itself. Corruption have crippled and killed a lot of progress in developing and developed countries. Even those we refer to as developed countries still suffer the effects of the corruption playing backstage. All our lives would be great if not for those who are messing with the countries economy to fulfil their own lustful desires and personal interests.

 

[M.ASADULLLAH]

Corruption badly effects the economy of any nation when the taxis given by people don't use for their batterment then usually some of the people stand against the government so economy of country disturb and the people at higher posts withdraw money by unfair means they don't use the money for country affairs that is why at the end corruption badly effect the economy of the nations

 

[Nicklas22]

Not only does corruption affect economic development in terms of economic efficiency and growth, it also aspects equitable distribution of resources across the population, increasing income inequalities, undermining the effectiveness of social welfare programmes and ultimately resulting in lower levels of human

 

[kayode10]

Corruption is like a cancer to a nation. It eat up all the fibre and penetrates all sectors in such country. Corruption prevents again significant growth in a country's economy. Large majority of the people living in such a country may have a criminal tendency. The religious leaders will also not be left out of the problem. A country with abundant resources but a corrupt mind will always lack.

 

[Ryeetar]

Bad government plays a large role in the economy of a nation, for instance my country Nigeria for many decades now we have gained independence but since we are still and under developed countries. Our government are not concerned about the affairs of her people which is very bad.

 

[Oliver 20]

Corruption is probably the most grounded imperative that sway the financial development contrarily. This includes the abuse of expert in the presence of cash or impact to accomplish certain reasons illicitly. An adulterated economy can't work appropriately as the defilement forestalls the characteristic laws to be continued in that country.

The more bad a nation is, the lower is the monetary development. Following are a few focuses that say everything regarding the negative effects of the defilement on the financial development.

 

[Zubair]

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?

We have seen many countries who have so much will power but they are very slow in the race of development. Why this happens with them? It happens due to corruption because it damages the system of a country badly and keeps slow in the race of development. Corruption increases poverty and unemployment in a county due to which deficiency of everything started increasing. Government should take steps forward to stop corruption to boost up economy.

 

[Quert]

Corruption only pulls down the economy of a certain country, it will decrease its own standing among the countries. Therefore it will lower its integrity and may somehow creates chaos among the people in the government. Will eventually lose funds that are suppose to be for the reconstruction and development for the country.

 

[Hdre3m3n]

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?

Yeah, underdeveloped and some developing countries are actually suffering for from their leader's misdeeds. It affects the market a economy because the cost of setting a business as a means of livelihood is very high. This is why the rates of unemployment in the country is increasing rapidly.

 

[Lekan]

Corruption is one of the strongest legends that tends in moving back a country from higher level to lower level ,most especially in our own country ”Nigeria"corruption has damage a lot of our country image and it has the people in the county to fearless of God ,over 90% of the people in the has corrupt already .

 

[Osaz96]

Corruption brings the nation to a point where the citizens do anything just to survive everyday. It make the citizens suffer because the money meant to be used for the running of the country and provision of their fundamental human rights have been squandered by the so called leaders. Its so sad that these same citizens pay their tax and levies imposed upon them by the government yet they suffer

 

[Zevin]

Corruption is basically two types, institutionalized corruption, and personalized corruption. institutionalized corruption means the entire institute or the organization is involved in corruption. personalized corruption means individuals are involved in corruption. institutionalized corruption is the worst form of corruption, it cannot be eliminated, however, personalized corruption can be controlled with proper measures.

 

[EMMANUEL]

How corruption affects the economy of a Nation?​

Social Amenities:
there some social amenities that the government of a state is meant to put into others. such amenities are pipe-borne water, rehabilitation of infrastructure, and so on.
all these amenities are what make a community or area to get develop, there we are less stress for the citizen living in the geographical area or territory.
good road: making a good road is another crucial thing that makes the economy to be difficult because the transportation fee is on the high side, increase in cargo from commuters.

 

[HassanRaza]

Affects Of Corruptions.Economic loss and inefficiency. Poverty and inequality. Personal loss, intimidation and inconvenience. Public and private sector dysfunctionality. Failures in infrastructure. Rigged economic and political systems. Impunity and partial justice.

 

[Alogakho Esson]

Corruption hinder growth and development of a society which is case study of Africa and Nigeria this has caused major insecurity in this region