Another way that low-level corruption hurts is that it’s so inefficient. When you have to know the right person and give the right bribe just to import/export your goods on time, the economy of your entire country slows down.
Yep. Super inefficient and unpredictable. You might temporarily know the right person to bribe, but that might change, or the price might go up. And your suppliers have to negotiate the bribes too. And your customers have their own issues.
It’s why the US is going to take a pounding from all the tariff BS. Not only are the tariffs high, nobody can guess from one month to the next what’s going to happen, so many have to cancel orders and wait it out.
Another way that low-level corruption hurts is that it’s so inefficient. When you have to know the right person and give the right bribe just to import/export your goods on time, the economy of your entire country slows down.
Yep. Super inefficient and unpredictable. You might temporarily know the right person to bribe, but that might change, or the price might go up. And your suppliers have to negotiate the bribes too. And your customers have their own issues.
It’s why the US is going to take a pounding from all the tariff BS. Not only are the tariffs high, nobody can guess from one month to the next what’s going to happen, so many have to cancel orders and wait it out.