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La Corrupción desde una Perspectiva Económica

This paper presents a reflection on the economic causes and effects of corruption, and analizes the reasons why individuals engage in corruption and societies tolerate, and even encourage, those practices. From an economic viewpoint, corruption reduces the quality and effectiveness of governmental policies, distorts the design and application of regulations, and hinders and dirties the workings of justice. Also, empirical evidence suggests that the adverse effect of corruption is seen both in the lower rates of investment and growth as well as in the lower levels of social equality and welfare. Of course, the economic viewpoint is not the only one. Corruption also has ethical, political and social implications. Nevertheless, the auhtor argues, the economic perspective provides ideas for the design of containment and the mitigation of the most harmful effects of corruption. And an economic analysis shows us too how corrupt practices can emerge or become generalized.