Charles Wheelan in chapter 13 explains what polices or
factors are common in wealthier nations. An idea that stayed in my mind was the
one about corruption. Charles explains that effective government is very
important for Economies to grow. He argues that when there is a huge corruption
in a country that makes government less efficient then there are many bad
results such as: Discouragement of foreign investment, misallocation of
resources and decrease in innovation.
I have never thought of corruption in that way. In our
country corruption is lots of times seen differently. You meet with corruption almost
every day. From trying to bribe a bus ticket inspector, to bribing police
officers when they give you a ticket or when you simply want to pass a driving
test (people usually give 30 Euros bribes). In many undeveloped countries it is
even much worse, but the worst thing is that people perceive corruption as a
way to move forward. You are simply more skillful if you can bribe an official.
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