News From Africa
April
2014
C-o-r-r-u-p-t-i-o-n
Corruption is very rampant among politicians in
Africa. Economic Development Funds end up
in the pockets of individuals in high levels of
government. Research shows that a 1-point
increase in corruption decreases GDP growth
rate by 75% per year. Corruption decreases the
growth rate of income directly through reduced
productivity of resources. It increases injusticemore money for the rich and powerful and less
for the poor and vulnerable.
Wayne State University Economics 6415
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