Corruption and Economic Development

Paper Summary:

The paper examines how political, economic, social and cultural conditions prevailing in a country influence the economic development and the level of corruption. The paper discusses the direct relationship between economic development, corruption and political transition in Mexico, Taiwan, Russia and the People's Republic of China. The paper concludes that there are no easy solutions available for developing countries making the transition from authoritarianism to free-market democracy and struggling to establish viable, stable economies.

From the Paper:

"Economic development is often correlated to the degree of corruption, especially in countries struggling to transition from authoritarian rule to free-market democracy. For example, in Mexico and Taiwan, it is evident that correlations exist between economic development and corruption, for the sectors of their economies which are performing the best are the ones most riddled with corrupt relationships between government officials and businessmen in the form of paying bribes or providing kickbacks."

Sample of Sources Used:

• Blaho, Andras. Russian Transition, Chinese Reforms: A Comparative View.
• New York: World Institute for Development Economics Research, 1999.
• Haggard, Stephen, and Kaufman, Robert. The Political Economy of Democratic Transitions. Princeton: Princeton University Press, 1995.
• Harcourt, Tim. "China and the Global Economy: Much Ado about Something." Austrade. Online. Available: http://www.austrade.gov.au/corporate/layout/0,,0_S1-1_-2_-3_PWB11005618-4_-5_-6_-7_,00.html. 29 October 2006.
• Leitzel, Jim. Russian Economic Reform. New York: Routledge, 1995.

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