Corruption...

**Adrian II** · 09-28-2005, 23:15

Originally Posted by kagemusha

So, um, and how long have you been a sex slave?

**Alexanderofmacedon** · 09-28-2005, 23:17

Shhh, it's funnier this way

**rasoforos** · 09-29-2005, 15:18

Ok I dunno if anyone cares to know this:

I studied corruption as part of my dissertation on economic convergence.While I was playing with econometrics I run a regression between corruption ( using the CPI index ) and some per capita variables, for OECD countries. I was very surprised to find out how strong the negative relationship between corruption and Productivity/Income is...

...It made me wish economics has tought at school. As it stands, for most corrupted countries in the world, its impossible to convince people (who see corruption as a means and not as an obstacle) that being 10% less corrupt could sometimes give em an extra monthly wage per year...

...If the statistics are also true for developing countries then corruption sometimes is all that stands between having a developing or a developed status...

...scary...