Taken from - Political Corruption: Before and After Apartheid Jonathan Hyslop (Wits Institute for Social and Economic Research) South Korean case as a comparative reference point here: a country with a bad reputation for corruption but a spectacular history of economic success. In their view, the contrasts run like this: in Africa the proceeds of corruption are distributed to large social networks and dispersed, whereas in Korea they go to much smaller networks and are hoarded; in Africa much of the proceeds go on consumption, conspicuous or otherwise, while in South Korea it is often productively invested; in Africa, corruption is fairly open and accepted, in Korea it is relatively clandestine; in Africa the money stolen by high officials is generally sent out of the country, whereas in Korea it is typically invested internally. One might add that the Korean model, in the case of major contracts, involves skimming money ‘off the top’ of a viable project, whereas in Africa the looting of a project may be so deep as to prevent it being implemented at all.
Posted on: Sat, 25 Oct 2014 10:15:00 +0000
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