Friday, October 21, 2005

Corruption & Prosperity

Jennifer Roback Morse:
"Why do some countries develop economically, while others stagnate? Both the World Bank Institute and economist Alvaro Vargas Llosa point to the problem of corruption as one of the major culprits. They say that the most important “natural resources” for economic development are not raw materials like oil or coal, but moral qualities like the even-handed enforcement of law, and the transparency of government."

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