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Corruption In The New Yorker

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In the source The New Yorker it explains in depth information on the economic effects of the olympics This article explained in depth the corruption in contracts and other shady business deals in building contracts and other deals completed by the government attempting to save money ended up costing them more than the originally intended budget. Quoting the article “projects are rare, and construction work is erratic, so politicians with contracts to award have immense leverage. For contractors, bribery will always be attractive, because the cost of a bribe is dwarfed by the value of a contract”. This type of corruption was unfortunately very present in the preparation for games and pushed the budget well over originally intended of $12.3

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