Post
Topic
Board Economics
Re: How do developing countries end up escaping poverty?
by
Crypto Library
on 06/08/2025, 10:50:57 UTC
Corruption is actually the problem of underdeveloped countries swimming in poverty. From mismanagement of public funds to embezzlement of public funds for personal use. This funds embezzled are meant to keep the system functional but due to corruption, few individuals make themselves rich and leave the larger population in poverty. If you check the record of countries with least poverty rate, they also have least cases of corruption.

I buy into your idea that to fight poverty, a country must first fight corruption. It can not be completely eradicated but it can be reduce to a barest minimum which means poverty can be reduced alongside.
Yes, that's what I meant. If I talk about my country as an example, it is an underdeveloped country. And there is a lot of corruption here, for example, one-fourth of the budget for a road is used only for improving the road, while the other three percent is taken by government officials and tender contractors into their own pockets. In this way, bribery and corruption are prevalent in almost every sector and that is why my country is basically very backward.
Here, everything from natural resources to agricultural products is abundant, but there is nothing for corruption, we cannot use it properly. And this is why I think that if corruption is eliminated from my country, poverty will also be eliminated.