I remember a report that was made public by USAID in 2006 or 2007 about corruption in the DR that stated something like corruption costs RD$6 billion (US$177m) a year, or 2.1% of household incomes.
While the report was made to quantify corruption in the DR, I've always known that while corruption is a problem in the DR, its not as bad as the public perceives it to be. Even if all corruption was eliminated the DR would still fall short of having all the funds necessary to effectively fund and fix many of the problems. In fact, in many cases the improvement would be negligible.
But, as economists you and I know very well that public opinion is almost always off with their assumptions on just about everything, hence its not worth going into a debate about this but its interesting to see what people think about the subject.
-NALs
If a personal opinion is allowed to be expressed without immediate democratic
retaliation, I can name a country where officially there is no corruption, where officially inflation is only 2.5%, and all taxes are paid in full
and national leader publicly
states that "basically national economy is healthy" ,
still at the same time thousands of people are thrown to the streets from their homes
each week due to foreclosure, thousands of people lose jobs,
all staples prices grow more than 50% a year, thousands and thousands families do not have money even to buy food and have to increase with each month their credit card debt -
- No. Offically stated by leaders or in newspapers corruption or its absense is not the reason for people`s foes. Something very different for sure. What?
I DO NOT KNOW!!!!