connection between the level of corruption in a country and the economic development
There is a direct connection between the level of corruption in a country and the economic development. When corruption rate is low, then economic growth is better, and when the corruption level is high, the economy tend to be reduced. The discussion analysis about how corruption affects economy in a particular country in different ways.
When a country is corrupt, many things will be affected. High corruption affects the efficient allocation of resources in a country. Lack oof resources might affect organizations which in return affects the economy of the country. Illegal businesses and the less qualified ones keeps on increasing in corrupt countries. Having illegal and unqualified organizations makes the country retard in terms of development because the results from such organizations not good. the reason behind this its because when this businesess are involved in activities in economic growth like roads, hospitals the services will be of low quality.
Countries with a high rate of corruption the healthy and education sector will also be highly affected. Through bribe, teachers who are not qualified will be recruited, and this might change the country at large. When young ones are trained by people who don’t have the necessary skills, then there will be a possibility the country will only raise unqualified people who might affect the development bin various sectors.
Corruption leads to increased prices in products or services. The prices are likely to increase due to prices imposed to bribe authorities. When people corrupt authorities, this means that the business will charge customers a high price to compensate for the losses made. Also, corruption causes unhealthy wealth distribution since most of the wealth will be taken by people who are strictly related to the relevant authorities in charge of wealth.
Reply
Corruption is dishonesty conduct undertaken by someone or company entrusted with position and hence abusing the entrusted power given. Crime affcers economy development since it slows down activities which keep the economy growing. When company absorbs employees through bribe means, this can affect the production of the company. Unqualified employees cause company to give low-quality goods and services which might affect the performance of the company. Poor company perfomance affects the economy because the source of income form that particular is affected negatively. People in top authorities also use public resources meant for developments like social amenities for their gains. Poor social amenities like schools and hospitals makes the county to retard in term of health and even other developments which need qualified trainers. Corruption decreases the foreign exchange in different countries. This causes low investment since investors will to seek better areas zwhre there is no corruption.
Reply 2
Corruption relates to the development of a country directly since for the company to develop, and there must be honesty. No country would like to make investment in a country which is corrupt. Therefore, when investors are hindered from investing in corrupt countries this might affect economy of country since business will depreciate. When the country is corrupted productivity will be less because even some employees involved in production process sometimes are not qualified enough to give the best quality. Corruption causes employee turnover espaecailly in sitiation where hey are not treated equally. Corruption makes some employees in organization to be favoured compared to others and this might make innocent employees to shift from the company. corruption within the company alos makes employees to have conflcits among the msleves. Whe conflicts occur in organization team diviso might end up occurring. Team division might affcet the perfomnzc ebecause for the compoany to perfom better unity is required from the team members of the company.