The ill-gotten gains are stashed away in foreign bank accounts that create wealth for the host country. Corruption is practised in most, if not, all of the advanced countries, but their proceeds are invested within those countries, thereby creating wealth on their respective economies. At least the banks in which those funds are stashed will have enough to lend to their private sectors to create jobs and by so doing provide tax revenue to the government, which in turn receives more funds to build infrastructure to promote economic activity and growth, and provide social services like schools and healthcare.
Posted on: Sun, 25 Aug 2013 21:47:31 +0000
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