Corruption as an economic problem 

Many people would normally associate corruption as a moral or political problem, they may not immediately realise how corruption can have economic costs and negative impacts on society.

The economy is not just some big national data and figures such as GDP, but should also include contributing factors such as labour and land use. Exploited labour and land grabs bring misery to people and impoverish some.

Losses in the economy due to corruption could lead to an increase in the cost of living, as the bribers would be prepared to pass on the costs to the end consumer. Ultimately, this could mean higher prices for housing and private vehicles. When rent-seeking becomes the norm, it distorts market competition, prevents a healthy market and denies fair opportunities.

Losses to government coffers from corruption would also mean less money for communities in need. Layers of corruption can also pose risks to society if certain projects are cut corners, compromising quality control and public safety.

To learn more about the impact of corruption on our economy, join us on Saturday 25 March (9am-1pm) for the first public lecture series of the Corruption-Free Generation.

𝑫𝒆𝒕𝒂𝒊𝒍𝒔 𝒐𝒇 𝒕𝒉𝒆 𝒆𝒗𝒆𝒏𝒕 𝒂𝒓𝒆 𝒂𝒔 𝒇𝒐𝒍𝒍𝒐𝒘𝒔:

Date: 25 March 2023 (Saturday)

Time: 9:00am – 1.00pm

Venue: Auditorium Tun Mohamed Suffian, Faculty of Law, Universiti Malaya

Language: English & Malay

Organizer: Agora Society Malaysia

Event Partners: Universiti Malaya Students Union, Rasuah Busters

Keynote lecture: Creating Systemic Corruption: Politics, Power, Policies

𝐒𝐩𝐞𝐚𝐤𝐞𝐫: 𝐃𝐫. 𝐄𝐝𝐦𝐮𝐧𝐝 𝐓𝐞𝐫𝐞𝐧𝐜𝐞 𝐆𝐨𝐦𝐞𝐳, Former Professor of Political Economy at University of Malaya

Topic 1: Mismanagement of Land and Its Impact on Food Security and Farming Communities.

𝐒𝐩𝐞𝐚𝐤𝐞𝐫: 𝐃𝐫. 𝐌𝐢𝐜𝐡𝐚𝐞𝐥 𝐉𝐞𝐲𝐚𝐤𝐮𝐦𝐚𝐫 𝐃𝐞𝐯𝐚𝐫𝐚𝐣, Former Member of Parliament for Sungai Siput

Topic 2: Labour Migration- Fuelling Economic Growth or Shadow Economy?

𝐒𝐩𝐞𝐚𝐤𝐞𝐫: 𝐌𝐫. 𝐀𝐝𝐫𝐢𝐚𝐧 𝐏𝐞𝐫𝐞𝐢𝐫𝐚, Executive Director and Co-Founder of North-South Initiative

Topic 3: Trickle-Down Corruption

𝐒𝐩𝐞𝐚𝐤𝐞𝐫: 𝐃𝐫. 𝐌𝐞𝐥𝐚𝐭𝐢 𝐍𝐮𝐧𝐠𝐬𝐚𝐫𝐢, Associate Professor of Economics at Asia School of Business