Risk Management, PRMIA

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August 10, 2007

Corruption and Growth

“The accomplice to the crime of corruption is frequently our own indifference”

An interesting article from Wharton on the linkage of corruption and Growth. It paints a rosy scenario( corruption defeated by growth) and a grim scenario ( corruption takes over and stalls growth). I do not believe either will happen. We shall be somewhere in between the good and the bad. The drive towards transperancy and an alert media have already started changing the face of corruption. But the game is far from over...

Article

In India, Will Corruption Slow Growth or Will Growth Slow Corruption?

Now that India is playing an ever larger role in the world economy, the issue of corruption, in both the private and public sectors, is coming into sharper focus. Two scenarios are possible: As India's multinational corporations develop both economic and political muscle, they may act as a broom, sweeping corruption from the economic sphere. On the other hand, entrenched practices may prove the stronger force and corruption could end up being a significant brake on India's economic rise.

http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4214

Posted by sunandoroy at August 10, 2007 07:18 AM

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