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Anatomy of Corruption: An Approach to the Political Economy of Underdevelopment
Author(s) -
Alam M. Shahid
Publication year - 1989
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.1989.tb02132.x
Subject(s) - allocative efficiency , underdevelopment , language change , economics , politics , obstacle , developing country , government (linguistics) , foundation (evidence) , economic system , development economics , public economics , market economy , economic growth , political science , neoclassical economics , law , art , linguistics , philosophy , literature
A bstract . An examination and critique of the functionalist literature on corruption in the political administration of Less Developed Countries (LDCs) indicate that its claims are without empirical foundation. Its theses with regard to the political, economic and administrative effects in most LDCs contrast with the facts. No benefits for development from corruption are found; market corruption , for example, does not appear to improve allocative efficiency. The erosion in a government's capacity to formulate and implement policies making for economic growth is an obstacle to economic progress.