TODAY'S EDITORIAL: The connection between corruption and entrepreneurship
A RECENT study done in connection with the Asian Development Bank's September Asian Development Outlook update provides some surprising insights into the relationship between corruption and entrepreneurship in an economy. As these subjects are the focus of public concern as well as a great deal of policy planning and political rhetoric, government leaders would be well advised to carefully study and understand the report's findings.
One interesting implication of the study is that part of the reason that entrepreneurship thrives in less corrupt environments is that lower levels of corruption encourage 'higher quality' businesses; in other words, as the study explains, 'In economies where entrepreneurship is weak, for instance, entrepreneurs tend to depend on political connections to make a profit rather than on their own efforts.
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