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This report by the Institute for Security Studies examines the relationship between corruption and development, with a specific focus on South Africa. It argues that corruption is a global phenomenon that distorts public spending, undermines efficiency, and discourages investment, thereby hindering economic growth and social equity. The authors contend that while economic liberalisation and democratisation can create opportunities for better governance, they are not panaceas; instead, a multifaceted approach involving institutional reform, legal frameworks, and strong political will is required to eradicate corruption and promote sustainable development.