Does corruption affect the investment climate in the country or buy when there is flood scandal?

Nation building via learning and being the best in business

It would seem to be such today with corruption now running into billions.  It was massive.  Other factors could be at play and one of the Cabinet Secretaries disputed the claim that corruption  caused the loss of Php 1.7 trillion loss of market value at PHP.

I would like to remember the old yarn,  " Invest in countries where there is blood on the street."   Black marketeers flourish during war or crisis times.  "  Ji Wei says Chinese.  Opportunities, and threat

We small businessmen have to live with corruption with even the lowest Barangay official demanding as much as P5/sm for a permit, or for his endorsement of a Citiy Resolution.  Without the permit, we cant go into a business.   We have to live with corrupt, dirty officials.