Corruption : the Erosion of African Economic Standards

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Africa has during the past decades experienced vast difficulties in inducing greater levels of economic growth, which in turn has stirred intensive debates in an attempt to unveil its causes. A dawning debate to surface during recent years places corruption as a potent obstacle to impede and dent African economic progress. Embracing a theoretical and regression analysis, this thesis sets out to unravel the causes of African corruption, its implications, and its effects upon the economic standards of a number of selected countries. The findings reveal that corruption, amid all time-periods analyzed, discloses a strong deleterious impact upon GNI per capita primarily by damaging and undermining the African insti-tutional framework, which in turn is unable to function optimally. The outcome is that less economic progress [and thus lower levels of income] is being generated as resources are allocated and squandered in a non-optimal way. It is also substantiated that Protestantism and a high degree of homogeneity are factors that exercise a positive influence upon corruption and economic standards. The thesis finally illuminates the intricate and ubiquitous impediments that obscure Africa’s economic progress. It is concluded that inept governments and institutions...