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The Effects of Corruption and Economic Growth
Cassandra Rogers

Economics 523
Dr. David Dieterle
Table of Contents
Abstract……………………………………………………………………………………………3
Effects of Corruption on Economic Growth………………………………………………………4
Definition of Corruption..................................................................................................................4 Economic Rent…………………………………………………………………………….4 Bribery…………………………………………………………………………………….5 Trade Restrictions…………………………………………………………………………5
Is Corruption Good or Bad for an Economy………………………………………………………6 Low Levels of Corruption…………………………………………………………………6 Vietnam’s Economic Growth……………………………………………………..7 High Levels of Corruption………………………………………………………………...8
Conclusion………………………………………………………………………………………...8
References………………………………………………………………………………………..10

Abstract
Corruption alone is not what fails an economy in growth. There are other factors to consider, such as, a weak and unstable government institution. Corruption can actually bypass these irregularities and possibly create growth in an economy. Studies show that there is no actual link between corruption and economic growth in “free” countries. In fact, low levels of corruption in free countries can be beneficial in economic growth. However, high levels of corruption can damage economic growth no matter the type of government institution or not.

Effects of Corruption on Economic Growth
If you ask citizens today, a great majority would probably say that they perceive their government institution as corrupt. It almost seems like the norm to link corruption to the government. But the question remains, is all corruption linked to a bad outcome? Corruption can be traced to government intervention; however, corruption can actually help an economy! I’ll explain how in the following paragraphs, but let’s first discuss corruption.…...

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