Slower time in rebuilding Louisiana

Sunday, April 09, 2006

Rebuilding Louisiana will take a very long time.

Here's the tragedy: The political culture of the state is working against a more rapid reconstruction. Large infusions of federal cash in the wake of hurricane has spawned a new wave of corruption. News reports are showing that federal prosecutors are conducting corruption investigations in the state. Read more.

The Louisiana example underscores an important point about the relationship between corruption and economic development. In political climates in which corruption flourishes, the prospects for economic development dwindle.

Louisiana does not stand alone. We see the same challenges in a number of large industrial cities in the North.

posted by Ed Morrison |

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