Corruption in Asia Slows Economic Growth


28 February, 2013

From VOA Learning English, this is the Economics Report in Special English.

Many Thais joined protests in Bangkok last year. They urged Prime Minister Yingluck Shinawatra to deal with growing corruption in Thailand. A 79-year old businessman noted the rising cost of doing business, including giving bribes to Thai officials.

How much economic activity is lost to corruption can be difficult to estimate. The University of the Thai Chamber of Commerce studied the issue. The university found that over two percent of national production, or about 11 billion dollars, will likely be lost to corruption this year. It found that many business people who were questioned said they are paying more to Thai officials and politicians to win government contracts. Political economist Pasuk Pongpaichit says there is evidence officials are making progress in controlling lower level corruption. But, she says, the slowing world economy means growing competition for profitable deals with the government.

"The globalization, [the] international pressure for Thailand to become more transparent, is being felt and various government departments are responding to it. It doesn't mean that things are going to happen very quickly."

Bandid Nijathaworn is a former central bank official and president of the Thai Institute of Directors. He says corruption in Thailand appears to be more of a problem now than 10 years ago.


This money is a decoration. But business people in Thailand say they must pay bribes to do business.