Regulatory Rent-Seeking

mechanism stub

When officials control access to scarce permissions or imports, firms spend resources influencing gatekeepers, creating delay, bribery, and corruption.

Episodes that teach this

How India Built it's Economy After Independence | Future IQ · explained at 11:12 192 views
government now decides what can be imported and what cannot be imported. Right? which of course is an excellent way to have lots and lots of corruption.