Is Corruption an Obstacle to Development?

Corruption can be defined as abuse of administrative authority or entrusted power to achieve personal benefits. Often, regulations and administration should be circumvented by corruption. Corruption is a topic in every country, even in the most developed ones. (Transparency International 2016, 1) The abuse of administrative power is often barely noticeable for outsiders. (Bardhan 1997, … Continue reading Is Corruption an Obstacle to Development?