Corruption

 

How corruption and bad policy making lead to a country’s failure?

There are many causes for a country’s failure. The major causes for a country’s failure is corruption and bad policy making.

Corruption

Corruption refers to the act of fraud and using power for personal gain. The corruption in any level, causes obstruction in development activities. Corruption hampers the national progress, it brings a serious social disharmony. Those who misuse their power or bribe those in power may progress overnight. It brings an undue pressure to the life of ordinary citizen. Democracy is debased by wide spread corruption. Laws are openly violated and people have to pay extra for services which are supposed to be cheap. Due to corruption, criminals are not punished and victims are not getting proper justice. Corruption in any sector affects all the sectors, leading to slow and unmanaged administration. With increasing corruption country’s efficiency decreases. Poor countries get poorer and huge amount of money that is invested is not properly utilized. Thus the status of health, education, and quality of education remains low. The available resources and infrastructures are misused and national income is reduced. A corrupt government will have a faulty administration where laws are openly violated and systematic government is not present. As a result there is high misuse of budget and thus the government and the country will collapse eventually.

 

Bad policy making

Various policies are made by the government during their term. These policies determine the country’s workflow and development status. The country’s policies directly affect it’s economy. Thus to maintain the economy suitable and correct policies need to be adopted on the basis of the actual study of the country’s condition and interests rather than the policies influenced by internal politics.

The current Sri Lanka’s economic failure is also due to the bad policy making by it’s government. The government overlooked the consequences and took large amount of loans and invested in non-income generating infrastructures such as roads, bridges, sea ports etc. It also lowered the tax for citizens drastically which lowered national agriculture production causing decline in the country’s income. In the end the government opted to print money to pay back the loans causing inflation which lead to the situation it is in today.

 

Corruption and miscalculated/faulty government policies lead to a country’s failure. They both are a serious problem. Corruption is prevalent everywhere and its effect is also seen, according to data mainly the most corrupt countries are the poorest in the world. Accountability and transparency thus leads a country to a systematic and upright path whereas corruption acts as a barrier. The policies maintain the country’s economic status and functioning of day to day administration, thus appropriate policies and control of corruption is vital for a country.