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"The subsidy is widely believed to have benefited the wealthier (who own cars), encouraged corruption, discouraged investment in refineries and encouraged smuggling abroad".
That should eliminate the gross disparity between the official and black-market rates, which stifled foreign investment and encouraged corruption.
This, he added, created a "hothouse atmosphere," which encouraged corruption among Egyptian bureaucrats, and spawned a widening market of fakes.
In central Europe, you could even conclude that neoliberal capitalism has encouraged corruption by declaring that everything should have its price tag.
Like other contemporary laws, it was so vaguely worded that it encouraged corruption and extortion (fines for "homosexual propaganda" are backbreaking) and made selective enforcement inevitable.
Economists say the subsidy encouraged corruption and waste and handed over billions of dollars of government cash to a cartel of wealthy fuel importers.
Similar(48)
"I am not corrupt and I am not going to encourage corruption, tolerate it or become the instrument," he added.
They encourage corruption.
That discourages migration, and in many states it also encourages corruption.
There are worries that letting people bet on a negative event will encourage corruption.
However, the government never set up tender contests to pick its corporate partners, encouraging corruption.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com