Corruption and the economy

Abstract

This paper focuses on the economic and not on the political impact of corruption. Corruption delegitimizes the working of a market economy, as well as the outcomes of political processes. This paper highlights ways in which corruption, by distorting economic decisions and the working of the market economy, inevitably reduces a country?s rate of growth. The paper also discusses some of the channels through which corruption distorts various economic decisions. Finally, the paper reports on some actions that have been taken by countries in their attempt to reduce corruption stressing that the fight against corruption cannot rely on a magic bullet but has to be fought on many fronts.Ovaj rad se fokusira na ekonomske, a ne na politicke posledice korupcije. Korupcija delegitimizuje funkcionisanje trzisne privrede, kao i ishode politickih procesa. Rad ukazuje na nacine putem kojih korupcija - time sto izoblicuje ekonomske odluke i delovanje trzisne privrede - nuzno smanjuje stopu privrednog rasta odredjene zemlje. U radu se takodje raspravlja o nekim kanalima kroz koje korupcija urusava ekonomske odluke. Naposletku, u clanku se upucuje na odredjene postupke koje su sprovele pojedine zemlje u svom nastojanju da smanje korupciju i naglasava da se borba protiv korupcije ne moze oslanjati na ?magicni metak?, vec da se bitka mora voditi na mnogim frontovima.