Nigeria: On the Trail of a Spectre — Destabilisation of Developing and Transitional Economies

Abstract

The impact of corruption is multifaceted. It rends the moral fabric of developing societies, slows down administrative processes, makes implementation of government policies ineffective and is detrimental to the economic interest of these countries. Uniformly, developing countries set goals with a view to attaining growth and modernisation of their economics. Unfortunately, corruption makes these goals illusory, resulting in underdevelopment.

Citation

Ajayi, O. and Ososami, S. (1998), "Nigeria: On the Trail of a Spectre — Destabilisation of Developing and Transitional Economies", Journal of Money Laundering Control, Vol. 1 No. 4, pp. 342-351. https://doi.org/10.1108/eb027160