From a capitalistic point of view, a country grows by producing “value” in some form. Corruption often leads to money that needs to invested into generating value to be used less efficiently and therefore sabotages the growth of the country. This can range from politicians taking the money for themselves to them spending the money in bad ways such as ordering a product from a friend’s company at an elevated price in return for a favour, or for example taking away money from public education for political reasons which then cripples the long-term potential for growth.
Corruption hurts every country, developing or not. I just think corruption is much more widespread in developing countries because these countries are not robust enough to have proper anti-corruption or because the countries are built upon corruption and can therefore no longer work without it.
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