Influence of Corruption and the Role of GDP per capita in the World on Economic Growth

Corruption is described as the use of public power for individual purposes. It is a feature of societies and countries. Recent years it is considered as a phenomenon present and a disease to developed and developing countries. It tends to grow faster than the dynamics implemented to neutralize it and systematically he has caused many problems of concern in all countries of the world. Based on report: Transparency International, Corruption Perceptions Index is one of the large challenges of contemporary in the world. It defines good governance leads to an inefficient allocation of resources, disrupting public and private sector and contributes frequently to the poverty. Social factors, political and institutional have a major role in economic development country and economic growth in developing countries. Corruption, is a symptom of deep institutional weaknesses is one of the factors responsible for reducing investment and spending (education and health), increases inequality income, reduces foreign direct investment and resource allocation. Corruption poses a threat to a country’s economic growth after the decrease efficiency in the private sector and the public. He is one of the most important factors that have impact on reducing economic growth in many countries. This is a phenomenon common today in many developing countries and arises as a result of their poverty. This paper analyzes the impact of corruption on economic growth, on developed and developing countries. The purpose of this paper is to contribute to the literature enabling a specific theoretical model on the impact of corruption on economic growth.