The Poverty of Corrupt Nations

The fight to eliminate world poverty is being severely hampered by corrupt leaders in developing countries. According to the African Union, some $150 billion is lost every year to corruption in Africa. In China, it is estimated corruption diminishes the annual value of gross domestic product by 15%. The pattern repeats itself elsewhere.

This bleak situation compounds the poverty problem even more because donor countries are justifiably reluctant to support jurisdictions whose leaders are kn...