Bangladesh, Dec. 7 -- Corruption is a common problem across the world. Prevalence and magnitude of corruption greatly varies from country to country. In general, it has been found that high-income countries have lesser degree of corruption, while many low-income countries have rampant presence of corruption in most sectors. Mauro (1997) argues, in low-income countries, corruption and economic growth have a negative relationship. Corruption distorts economic performances and institutional systems of the country and creates a 'cyclical development trap'.
Fighting corruption has gained global attention, especially with the increased advocacy of 'good governance' by international organisations. The UN agenda 2030 specifies a target (16.5): "su...