by Subramanian Swamy (Author)

Subramanian Swamy, a former Union Cabinet Minister, a Harvard-educated economist and Professor, holds that corruption impacts on economic development of a nation in five dimensions: sub-optimises the allocation of scarce national resources; the use of bribe money distorts investment priorities; unaccounted bribe money causes inflation via hoarding and property bubbles; corrupt persons in public office enact laws to safeguard the booty by lax criminal investigations and prosecutions; and corrupti