Looters, Rent-Scrapers and Dividend-Collectors:...
Looters, Rent-Scrapers and Dividend-Collectors: Corruption and Growth in Zaire, South Korea and the Philippines
Author(s)
Wedeman, Andrew
Abstract
An evaluation of the effects of political corruption on economic development reveals that Zaire, South Korea and the Philippines were all affected differently. Corruption in Zaire gave way to the rise of an informal economy with the Philippines registering short-lived economic growth and South Korea sporting sustained, balanced economic growth. Political corruption in South Korea was able to sustain economic growth but not in Zaire and the Philippines because infrastructure was highly developed in Korea.
