Paper Summary:

This paper looks at four things that political corruption does to less-developed nations - things that thwart efforts to build strong, sustainable and progressive lands able to prosper in the global economy. First of all, the paper describes how political corruption (largely in the sense of taking public money and using it for personal gain) facilitates the flight of capital from poor nations when capital is the one thing it needs more than anything else. The paper points out that this capital is frequently the capital that government officials have cleverly accumulated for themselves.

From the Paper:

"There can scarcely be any doubt that political corruption plays a critical role in the slow development - or non-development - of third-world nations. With this uppermost in mind, the following paper will look at four things that political corruption does to less-developed nations - things that thwart efforts to build strong, sustainable and progressive lands able to prosper in the global economy. First of all, political corruption (largely in the sense of taking public money and using it for personal gain) facilitates the flight of capital from poor nations when..."

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