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Effects of Corruption & the
Need for Corruption
Prevention
It is relatively easy to define corruption and
how much money it involves. Instead, this
essay emphasizes the value of fighting
corruption from an economic standpoint. It
aims to demonstrate to the reader:
The importance of redistribution based on
the Marginal Utility theory, the role that law
plays in economic development, the adverse
effects of income inequality on sustainable
economic growth,
The damaging effects of low approval ratings
(unhappiness) on sustainable economic
growth, and the harmful effects of corruption
on redistribution as well as approval ratings
and consequently on sustainable.
Wajid khan simply put, the
reasoning is as follows:
Empirical research demonstrates that
nations with more vital income redistribution
experience more extended periods of
economic progress.
The justification for wealth redistribution is based
on the notion that if utility is the foundation of
economic policy, then wealth redistribution is
advantageous because it improves the well-being
of the most significant number of people (since the
poor stand to gain significantly more from the
process than the rich do).
Redistribution should only be constrained by
the concept of efficiency cost (based on the
idea of marginal utility) (when it robs
production from individual incentive)
Even though they occasionally engage in
economic growth for various reasons, corrupt
countries are unable to adopt appropriate
redistribution policies. They, therefore,
cannot be expected to gain from sustainable
economic development.

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Effects of Corruption & the Need for Corruption Prevention.pdf

  • 1. Effects of Corruption & the Need for Corruption Prevention
  • 2. It is relatively easy to define corruption and how much money it involves. Instead, this essay emphasizes the value of fighting corruption from an economic standpoint. It aims to demonstrate to the reader:
  • 3. The importance of redistribution based on the Marginal Utility theory, the role that law plays in economic development, the adverse effects of income inequality on sustainable economic growth,
  • 4. The damaging effects of low approval ratings (unhappiness) on sustainable economic growth, and the harmful effects of corruption on redistribution as well as approval ratings and consequently on sustainable.
  • 5. Wajid khan simply put, the reasoning is as follows:
  • 6. Empirical research demonstrates that nations with more vital income redistribution experience more extended periods of economic progress.
  • 7. The justification for wealth redistribution is based on the notion that if utility is the foundation of economic policy, then wealth redistribution is advantageous because it improves the well-being of the most significant number of people (since the poor stand to gain significantly more from the process than the rich do).
  • 8. Redistribution should only be constrained by the concept of efficiency cost (based on the idea of marginal utility) (when it robs production from individual incentive)
  • 9. Even though they occasionally engage in economic growth for various reasons, corrupt countries are unable to adopt appropriate redistribution policies. They, therefore, cannot be expected to gain from sustainable economic development.