Reply 2Hi, With reference to your post, corruption is an incident that has been widely agreed to be thecause of the delay or reduced economic development in countries around the world. The economicdevelopment of different countries depends on various circumstances and involves individualsfrom different walks of life (Huang, 2016). Corruption leads to insufficient public serviceprovisions, overcoming rigid laws within the nation and unwieldy bureaucratic constraints whenfirms or organizations perform dismally. The probability of receiving pay off benefits might beone explanation regarding why corruption cannot be done away with entirely in spite of itsoverall development limiting impacts. One significant responsibility of policymakers could beimproving the collaboration straightforwardness that exists between the stakeholders involved,such as the firms and the two authorities (Huang, 2016). Along these lines, this will serve inlessening the two authorities and firms' optional intensity, declining both the diffusion and meansof bribery and lowering certain gains stemming from corruption.Reference Huang, C. J. (2016). Is corruption bad for economic growth? Evidence from Asia-Pacific countries.The North American Journal of Economics and Finance,35, 247-256.
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