Official corruption, unfortunately, is endemic in the developing world. One factor in the spread of this illegal activity has been the propensity of developing-country governments to intervene heavily in their economies, often in the attempt to guide, direct, and control economic activity in order to promote the desired pace and style of economic development. Such regulatory efforts, though now on the wane in much of the developing world, continue to generate opportunities in many countries for bureaucrats in control of scarce resources to allocate them on a non-market basis, to further their own economic, political, and social prospects.
Akkihal, R., Smith II, H., & Adkins, R. (2002). "The economics of corruption in developing countries". The Coastal Business Journal, 1(1), 39-46.
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This article first appeared in the Spring 2002 issue of Coastal Business Journal and is reprinted with permission.
Final version can be found at http://www.coastal.edu/business/cbj/pdfs/corruption.pdf
© 2002 Coastal Carolina University