A Theory of Corruption by Osvaldo Schenone
Approx. 15,470 words.
Published on March 12, 2012 by
There is no greater scourge that affects the proper functioning of any economic system than corruption. Tragically, corruption is pervasive in developing nations. It is found often on the part of public officials who delay the issuance or processing of public documents unless a monetary inducement is offered.