Which of the following has contributed to developing countries' poor economic performance?

Question

Quizplus · Accepted Answer

Corruption has been identified as one of the major factors contributing to poor economic performance in developing countries. Corrupt practices such as embezzlement of public funds, bribery, and favoritism undermine economic growth and development by reducing public resources that could otherwise be used for investment in infrastructure, education, and other public goods. Corruption also creates a negative business environment, reduces investor confidence, and increases transaction costs, thereby hindering private sector development.

Which of the Following Has Contributed to Developing Countries' Poor