Corruption Essay

920 Words2 Pages

CRITICALLY EXAMINING THE IMPACT OCORRUPTION ON THE AFRICAN ECONOMIES: PUBLIC COICE THEORY
INTRODUCTION
Africa is perceived as the `Eden garden` because of its abundant wealth in copper, aluminium, gold, diamond, crude oil, but it is one of the most underdeveloped regions world-wide due to corruption, which is a major constraint to wealth creation and African economic growth. Public choice is all about applying the methods of economics to the study of politics. Corruption can be resolved by incorporating insights from the theory of public choice into the design and execution of the new anti-corruption programs. The insights include the introduction of relevant rules, reforming existing laws and institutions, providing more effective and relevant incentive structures and enforcement mechanisms to reduce the probability of opportunism.
Nye (1964:419) defines corruption as the behaviour which deviates from normal duties of a public role because of status gains. Alam (1989:442) looks into corruption as a deviation from norms or practices of modern bureaucracy. A lot of people in developing countries, more especially in Africa, see corruption in more practical terms. They find it synonymous with theft of public resources by civil servants; illegal taxes on economic activities; nepotism; embezzling public funds and differential treatment of business owners expecting bribes from the entrepreneur being granted preferential treatment (Rashee 1995:44).
By the early 1960s, Gordo Tullock and James M. Bichana who studied the political dimension of wealth creation and economic growth introduced the public choice model as a more effective paradigm for the analysis of public policy. Public choice theory provides relevant recommendations on how ...

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...r draining funds. According to the two schools of thought afore mentioned, corruption can either enhance economic development or jeopardize it. In the case of surmounting corruption, public choice theory can be used as a remedy as it recommends ways to aid corruption predicament. In a nutshell, of course corruption can bring about both advantages and disadvantages to the economy of the nation, but since the disadvantages outweighs the advantages because only the elites benefits, while the rest of the many citizens of the nation suffers, corruption is one major issue that African nations should highly look into if they want to be categorized as developed nations. This issue of elites benefiting more from corruption than the rest of the citizens is emphasized by the Nigerian case of “serving a few and starving many”, which makes the affected citizens rebellious.

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