You can find answers to the questions in this article at www.hoddereducation.co.uk/economicreviewextras
In 1968, future Nobel prizewinning economist Gunnar Myrdal claimed that corruption is virtually a taboo subject among economists. Much has changed in economics since then and it is now widely accepted that corruption has a significant impact on economic performance. The Organisation for Economic Cooperation and Development (OECD) states that corruption is one of the main obstacles to sustainable economic, political and social development, for developing, emerging and developed economies alike.
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