Emergic: Rajesh Jain's Blog

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India’s Telecom Scam: How Can a Corrupt System Be Cleaned? – Part 5

December 17th, 2010 · 1 Comment

The trouble with corruption is that it erodes trust. It limits welfare-improving trades that are so central to the economic efficiency of any system, capitalist or socialist. It also leads to inefficiency of resource allocation. The telecom spectrum sale scam is a stark example of that. As it happens, some of the corporations that obtained […]

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