Corruption Of The Government Plays A Huge Role On The Collapse Of Developing Nations

Corruption Of The Government Plays A Huge Role On The Collapse Of Developing Nations

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Corruption in the government plays a huge role in the collapse of developing nations. “In the developing world, corruption is public enemy number one,” said World Bank Group President Jim Yong Kim. “We will never tolerate corruption, and I pledge to do all in our power to build upon our strong fight against it.” For economic policies to make a difference, we need to have reliable leaders who are able to execute them. Like Yong mentioned at the World Bank meeting, if not immobilized corruption has the ability to slow down the development rate of a nation: as the corruption rate increases, the development rate decreases. According to the Corruption Perception Index 2013, fifty-eight of sixty corrupt countries are developing! This is brought on by a lack of regulation within the government. Without a correctly structured government in place, leaders may fall into clan based thinking, greed, and exploit their position. This can lead to inappropriate placement of employees, and could result in people who are more appropriate for the position being turned away. This can hold the country back from advancements in different types of growth. This can also lead to a lack of federal funding if the leaders are skimming money off the top of the revenue. Lost revenue in the least developed countries amounts to 10- 20 billion dollars annually.
Many developing countries have been unable to maintain efficient political systems due to a failure in political institutionalization and lack of extensive capabilities of the political system due to corruption. As the level of corruption increases, citizens loose allegiance and support for their government. For instance, Ethiopia, a country that is considered to be one of the fastest-growing economies ...

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...r any country to succeed without having a reliable government. With a stable government, a country will be able to use public policy to influence the mix of import and export. It will be able to reduce corruption and change the view that the rest of the world has on doing business with the country. If the country is seen as more dependable than corrupt, more business ventures will come from it thus increasing the cooperation and resulting in a higher GDP and development rate. By creating a stable economy, excessive hunger will decrease along with the unemployment rate. With stability in politics and economy, this country will be able to clean up the corruption taking place within the nation’s borders and improve on relations with other nations. With a focus on the right public policies, a developing country will be able to break barriers and provide for its citizens.

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