One of the biggests costs of corruption -- maybe the biggest -- is that it can keep new technologies out of a country.
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Parente and Prescott's "Monopoly Rights: A Barrier to Riches"
Zhang, Li, Li, and Zhou's “FDI Spillovers in an Emerging Market”
corruption is all over the world.How can it be eradicated?
Corruption is all over the world.How can it be eradicated?