Hi, need to submit a 500 words essay on the topic Link between economic development and crime and corruption.Experts who have not found a close link between economics and crime have linked increased c

Hi, need to submit a 500 words essay on the topic Link between economic development and crime and corruption.

Experts who have not found a close link between economics and crime have linked increased crime outbreaks to a rapid rise in drug markets. Some even linked crime to inequality and injustice meted out to certain sections of the population. However, many experts continue to maintain that recession is in most cases the trigger for a rise in crime rates. The main reason for a lack of clear understanding between the various factors has been attributed to the inability of economists to conduct appropriate studies to ascertain the links. Many crimes occurring in the society is driven by favorable opportunities and changes brought about by social and scientific developments. For example, developments of better locking systems and use of advanced monitoring systems can bring down the crime rates in society irrespective of economic upheavals. However, crime rates are also likely to soar due to increasing unemployment rates that cause marked behavioral changes among the youth. While some experts argue that lack of resources would prevent people from engaging in criminal activities, many others cite bouts of inflation and the increased demand for goods can also result in increase in criminal activities (Plumer, 2010).

The second article by Wei reported in the National Bureau of Economic Research, explores the effect of corruption on the economic development of a country. In the case of the link between corruption and economic development, one of the first studies conducted for this analysis was by Mauro, who conducted a cross country regression study. From his study he concluded that countries where there was widespread corruption showed a much slower economic growth. However, since many factors can contribute to slower growth it is much difficult to solely analyze the effects due to corruption. One of the ways by which corruption deters economic growth is by reducing foreign direct