Looters, rent-scrapers and dividend-collectors: corruption and growth in Zaire, South Korea and the Philippines

Article Abstract:

An evaluation of the effects of political corruption on economic development reveals that Zaire, South Korea and the Philippines were all affected differently. Corruption in Zaire gave way to the rise of an informal economy with the Philippines registering short-lived economic growth and South Korea sporting sustained, balanced economic growth. Political corruption in South Korea was able to sustain economic growth but not in Zaire and the Philippines for infrastructure was highly developed in Korea.

Research, South Korea, Economic aspects, Political corruption, Philippines, Congo (Kinshasa)

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Learning-by-doing and trade policy in a developing world

Article Abstract:

An analysis of commercial policy development in emerging countries reveals that success has been related, in some way or another, to market openness and export success. There is however, difficulty in investigating this phenomenon as direct data is unobtainable. There is evidence that advanced social welfare systems do play a role in commercial policy success as this increases the competitiveness of industries by maintaining wage levels.

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Structural reform and disinflation: lessons from Argentina's convertibility plan

Article Abstract:

An evaluation of Argentina's economic stabilization programs during the Menem administration reveals that policy makers do 'learn by doing' and that they do believe that stabilization is all but impossible to obtain. The study also supports evidence that leadership also plays a role in commercial policy success and that inflation determines the type of economic policy formulated.

Economic Programs-Total Govt, Administration of Economic Programs, Argentina

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