Kleptocracy: Curse of Development. Kleptocracy: Curse of Development.

Kleptocracy: Curse of Development‪.‬

International Social Science Review 2005, Spring-Summer, 80, 1-2

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Publisher Description

Development signifies a diverse, prosperous world presenting many choices and opportunities for the "good life"--self-improvement and education, friends and associates, urban or country life, discretionary leisure activities, and productive employment-all supported by technological sophistication to make it work. This definition has elasticity, inasmuch as it allows for individuals and groups to pursue preferences and for local, provincial, and national authorities to engage in public works that benefit society. Development on the international agenda refers to rich and poor states, haves and have-nots. The reconstruction of Europe and Japan that followed World War II promoted the belief that poor states could become rich and that have-nots could become haves. Aid and investment followed, but good government did not. (2) Instead, kleptocracy (3) did. In the twenty-first century, corruption (4) is dysfunctional and pathological, and kleptocracy is no longer acceptable anywhere in the world. "Rich" is not a synonym for "developed." Being rich aids but is hardly sufficient in promoting development, either for states or for individuals. Political will and a commitment to allocate costs and benefits fairly through rule-of-law institutions are both necessary to convert assets of all kinds--natural resources, financial connections, foreign investment, loans, aid, remittances, transfers of technology--into a diverse, prosperous country that offers numerous choices and opportunities for an entire populace to attain the "good life." (5) For a few to live in opulence while a great many are destitute is not development. Economists claim that $5,000 annual disposable income per person is sufficient for discretionary spending to take off. (6) This represents development only if that income is getting to ordinary people. Unfortunately, corruption is doing more harm to development in third- and second- world countries than aid does good. Realistically, corruption is a suicide strategy--whether pursued through obedience to traditional norms or from egoistical moral disorientation. If one expects development to work as planned, he/she can no longer simply dismiss kleptocracy with excuses of "business as usual" or "power corrupts." (7)

GENRE
Non-Fiction
RELEASED
2005
22 March
LANGUAGE
EN
English
LENGTH
35
Pages
PUBLISHER
Pi Gamma Mu
PROVIDER INFO
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
216.2
KB
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