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Please explain this in tagalog thankyou Corruption- Theoretical studies suggest that corruption may counteract government failure and promote economic growth in the short run, given
Please explain this in tagalog thankyou
Corruption- Theoretical studies suggest that corruption may counteract government failure and promote economic growth in the short run, given exogenously determined suboptimal bureaucratic rules and regulations. As government failure is itself a function of corruption, however, corruption should have detrimental effects on economic growth in the long run. In practice, economists care more about such long-term consequences of corruption than the short-term effects.
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