Egypt: Corruption and Underdevelopment
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This paper examines how understanding the extent of corruption, as it has been exposed by globalization, is important because it allows us to better understand consistent underdevelopment in Third World nations, such as Egypt. It shows how an analysis of financial corruption in Egypt and the country's resistance to change versus the efforts toward the political and economic reform of the country by external powers, underscores that the country's problem is not economic poverty, but corruption and misuse of foreign aid funds and national resources. After establishing the connection between globalization and corruption, the main argument is that the high level of corruption in a country like Egypt proves the necessity of enforcing international anti-corruption laws, thus, removing a significant obstacle to development.
From the Paper:"In "Politics of Corruption," Patrick Fitzsimons discusses corruption within the framework of globalization. He begins his article by referring to the characteristics and concerns of the new global economic and political system, from the concern with multiculturalism, to terrorism, to economic liberalism, and notes the meaning and importance of these new concepts and concerns. According to Fitzsimmons' argument, their importance lies in the fact that they effectively define the thoughts and ideologies of the current political and economic environment."
Cite this Essay:
Egypt: Corruption and Underdevelopment (2005, June 17) Retrieved July 05, 2020, from https://www.academon.com/essay/egypt-corruption-and-underdevelopment-59373/
"Egypt: Corruption and Underdevelopment" 17 June 2005. Web. 05 July. 2020. <https://www.academon.com/essay/egypt-corruption-and-underdevelopment-59373/>