CORRUPTION IS MORALLY BAD, BUT ECONOMICALLY BENEFICIAL FOR A NATIONS PROSPERITY

AGAINST THE MOTION

TOPAZ
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GAURAV ASHISH NITYANAND VIKASH PRAVEEN

INTRODUCTION
ECONOMICAL LOSS TO BANGLADESH.
Govt. insufficiency in banking system slowing down GDP growth over 2-3% P.A. (Taka 30-40 cr. loss every year) According to CPI index (2011) Bangladesh scored 2.7 & 120th place among 182 countries. On ranking terms Bangladesh is on no.13.
REFRENCE - Oxford Review of Economic Policy, (Corruption, institutions, and economic
development By Toke S. Aidt) www.econ.cam.ac.uk. (Economic development through bureaucratic corruption 1964) http://abs.sagepub.com. (Political Order in Changing Societies 1968) books.google.co.in. 2

Bribe payers across six countries in South Asia, by country: % of respondents who have come into contact with one of nine service providers that reported that they had paid a bribe in the past 12 months.

Economic cost of corruption

The annual total of bribe paid worldwide is 1 TRILLION US $.(the cost of corruption, world bank & news broadcast 2009) The cost of corruption in Africa is more than 148 US $ PER YEAR. (BBC news) It causes growth rate of country lower by 0.5-10% worldwide. 400% GDP gain from fighting corruption. Loss equal to 20%-40% ODA. (Official development authority)
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CORRUPTION IN china
Sanders VS Greasers. Corruption and Effects Ranked 75 in the list of Corrupt Countries. Credit given in Corruption Perception Index is 3.6/10. 50% loss in health funds Loss of natural resources Missed Millennium Development Goals (MDGs)

Source : http://cpi.transparency.org/cpi2011/results/#CountryResults www.indexmundi.com

CORRUPTION IN INDIA
Rather then blaming the corruption we should try to improve ourselves, because the corruption is only symptom, disease is within us.
According to the Global financial report Tax evasion and corruption have lost India hundred billion of dollar. KPMG report shows that loss in Real estate 32%.Telicommunication 17%,social development 13%.financial services 10%,defence 9%,IT & Bpo 6%,Power & Energy 5%,and other 8%

Total money lost in India due to corruption $ 20.23 trillion

Because of corruption Environmental pollution 64%,terrorist 61% ,Rising cost of food and energy both 59%,corruption is the most serious issue for the world.

REFRENCE Euromonitor International Source :http://cpi.transparency.org

www.indexmundi.com
www.tradingeconomics.com -- THE WORLD BANK GROUP
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CORRUPTION IN PAKISTAN
Ranked 134 in the list of Corrupt Countries. Corruption effect social issues

Corruption effect economic improvement

Political contribution in corruption

Worldwide Corruption
The CPI (2011) ranked Russia 143 out of 182 in its global corruption index. Moscow is regarded as the most corrupt city in Russia

5 billion US $ of Nigerias public asset were

looted and sent abroad by Abacha

The kibaki government has spent $12.5 million

on luxury cars
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CORRUPTION IN RUSSIA
In last 10 years 11,000 villages and 290 towns disappeared in Siberia According to Russian Federation Investigation Commission in 2010 there were 1lakh child victims of

crime
In 2010, 9500 sexual offences were commited

against under age victims

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CONCLUSION

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