Friday, May 11, 2007

Cost of corruption

The Philippines is losing about USD 2B a year, or about PhP100B annually. If instead of losing that to corruption, that amount is distributed to all the families in the Philippines (about 20M), each family will receive about P5K subsidy from government. If that amount is distributed to families living in poverty, the amount of subsidy becomes even greater. If that amount is distributed among families who can start their own businesses, the capital could be sizeable. Enough to allow for greater business success. If only . . .

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