Friday, April 23, 2010

Exploring the many bribes in India

A new study into the illegal money lost in Africa said that bribes are a very small portion of the money lost to illegal activity, only three percent. This study cast some doubt on what many believe to be big drag on the economies of Africa. For some say that if bribes and corruption didn't take place, the money would instead help to bring people out of poverty.

A story heard on NPR last night explores the bribes that are prevalent in India. Reporter David Kestenbaum quotes some economists that think that bribes are sometimes necessary.

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