Corruption and Development: Not what you think gives us a new way of thinking about corruption, that is corruption does not matter a lot for development. The author mentions that corruption can also grease the wheels of prosperity in countries where bureaucracies and organizations are inefficient, since bribery can make the government provide better services for those who have highest opportunity cost of waiting. Also he talks that corruption is a symptom of a deeper problem and not a cause of poverty itself, so that fighting for corruption is only a distraction from the real issue.
Prof. B says
Excellent summary. Do you agree with him?