Totalitarianism, Economic Growth and Corruption

In a strong sense, corruption is an epidemic that coexists with anthropogenic moral structure and behavior. However, the impacts of institutional corruption can lead to distortions in business cycles and drastic damages to a country's collective economic and social performance. In this essay, we summarize some research that explores causes and consequences of corruption. There are few theories of corruption. The limited availability of data subjects lead to many uncertainties. Still, other studies provide tentative evidence that corruption may seriously inhibit long-term economic growth and increase the inconsistencies of business cycles. Corruption is seen as a vice in a country, but we insist here that it is an epidemic unless cured by governments that should figure out effective ways to combat it. If unsuccessful, consequences are grave. Its infestation can threaten the existence of a nation