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Regulation and corruption : A hidden relationship

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  • Regulation and corruption
  • Choi, Byung-Sun
  • Seoul National University


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Title Regulation and corruption
Similar Titles
Sub Title

A hidden relationship

Material Type Articles
Author(English)

Choi, Byung-Sun

Publisher

[Seoul, S.Korea]:Seoul National University

Date 2004
Journal Title; Vol./Issue Korean Journal of Policy Studies:vol. 18(no. 1)
Pages 10
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Government and Law < Political Systems
Government and Law < Laws and Legislation
Holding Seoul National University

Abstract

It is a non sequitur to attempt to combat political and bureaucratic corruption while leaving intact the existing regulatory structure and practices-the single-most important source of incentives to engage in corrupt activities for bothe private and public actors. Anti-corruption efforts will be self-defeating if they are made without keeping this fact clearly in mind. Unfortunately, however, this obvious fact is not well recognized. The lack of recognition can be found in the sidespread erroneous belief that all the government regulations exist to protect and enhance the public interest. This is emphatically not so. As abundant literature on rent-seeking or economic theory of regulation amply attests, a large chunkk of regulations has come into being as a result of self-interested attempts to appropriate economic rents, which must be created in the exercise of government's power over allocation of resources. (The rest omitted)