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KATHMANU, JANUARY 3
Corruption is harmful for humanity because it undermines the rule of law and erodes public trust in institutions. It also distorts the economic and political functioning of a society as resources are diverted away from the most vulnerable, creating a cycle of poverty and inequality.
Additionally, corruption reduces economic growth and investment, as investors are discouraged from investing in a country where corruption is prevalent. Moreover, corruption can lead to an increase in crime, as corruption often facilitates other criminal activities. Finally, corruption can lead to a lack of accountability, as those in power can use their influence to evade responsibility for their actions.
Okay, not bad. Fairly generic, but you could find something similar in the opening of hundreds of speeches and reports, including my own. Some might also argue on the causality, but I am not bothered. No, improving governance is not a luxury for rich countries. Good governance is essential for countries of all incomes.
A version of this article appears in the print on January 4, 2023, of The Himalayan Times.
