Corruption and Development: A Review of Issues

In this paper we start with a discussion of some of the different denotations of the problem of corruption. We then consider the ways in which the damaging consequences of corruption operate in a developing economy, while not ignoring its possible redeeming features in some cases. We pursue the question of why corruption is perceptibly so different in different societies and also persistent. Finally, we examine the feasible policy issues that arise in this context.