How to end corruption

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Posted by Herve | Posted in Social organisation | Posted on 19-02-2010

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Anyone who has lived in a underdeveloped country knows how corruption is both a source of poverty and caused by it. It renders whole state systems inefficient, generates considerable economic distortions and inefficiency, and only allows the strongest to prevail. According to World Bank estimate there is more than a trillion dollars paid every year in bribe worldwide, which amounts to a amazing 3% of the whole global economy.

Most of the fight against corruption until now has been down to law makers only, with little effect. In the midst of this lack of political will, Shaffi Mather from India came up with a really audacious business plan aimed at fighting corruption.