Transcription of CORRUPTION: CAUSES, CONSEQUENCES AND CURES
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CORRUPTION: CAUSES, CONSEQUENCES AND CURES
Asia-Pacific development JournalVol. 7, No. 2, December 200033 corruption : causes , CONSEQUENCES AND CURESU Myint*The paper stresses the need to keep the issue of corruption squarely inview in the development agenda. It discusses the causes and consequencesof corruption , especially in the context of a least developed country withconsiderable regulation and central direction. Lack of transparency,accountability and consistency, as well as institutional weaknesses such asin the legislative and judicial systems, provide fertile ground for growth ofrent seeking activities in such a country.
development process (Gray and Kaufmann 1998). Countries in the Asia and Pacific region are also very worried about this problem and they are in substantial agreement that corruption is a major constraint that is hindering their economic, political and social development, and hence view it as a problem requiring urgent attention at the highest ...
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