- Thread Author
- #1
- Joined
- Sep 25, 2023
- Messages
- 35,346
- Reaction score
- 2,942
- Trophy Points
- 179
- Location
- Philippines
- D Bucks
- 💵3.936050
- Referral Credit
- 100
Kickbacks can significantly harm the economy by distorting markets, undermining competition, and eroding public trust. They lead to inefficient resource allocation and can deter investment and economic growth. Kickback schemes can cause governments to allocate public funds based on personal gain rather than public need.
In countries with rampant kickbacks international aid can be siphoned off by corrupt officials, preventing the funds from reaching intended beneficiaries. Widespread kickback and corruption contribute to a culture of tax evasion, further deleting resources available for public spending.
Countries perceived as highly corrupt tend to attract less foreign direct investment, as investors are wary of the additional costs and risks associated with corruption.
In countries with rampant kickbacks international aid can be siphoned off by corrupt officials, preventing the funds from reaching intended beneficiaries. Widespread kickback and corruption contribute to a culture of tax evasion, further deleting resources available for public spending.
Countries perceived as highly corrupt tend to attract less foreign direct investment, as investors are wary of the additional costs and risks associated with corruption.