Subramanian Swamy, a former Union Cabinet Minister, a Harvard-educated economist and Professor, holds that corruption impacts on economic development of a nation in five dimensions: sub-optimises the allocation of scarce national resources; the use of bribe money distorts investment priorities; unaccounted bribe money causes inflation via hoarding and property bubbles; corrupt persons in public office enact laws to safeguard the booty by lax criminal investigations and prosecutions; and corruption enables beneficiaries to involve foreign hostile governments to launder money and provide protection to offenders thereby compromise national security. Hence, Dr. Swamy argues that as a country becomes industrialized, its governance and corruption challenges morph and become more sophisticated: it becomes a complex phenomenon. In this context, Dr. Swamy has explained the ramifications of the monumental 2G Spectrum Scam. About The Author Dr. Subramanian Swamy Born in Mylapore, Chennai, on 15 September 1939, Dr. Swamy holds a Ph.D. in Economics from Harvard University, where he also taught for ten years, and has published famous joint papers on the Theory of Index Numbers with Nobel Laureate Paul A. Samuelson. Dr. Swamy was the President of the Janata Party. Subramanian Swamy is a published author of several books, research papers and journals. He received Distinguished Alumni Award from Hindu College, University of Delhi, in 2012; Hindu Ratna Award from the organization of Hindu Helpline, in 2013; and Tamil Ratna award for the Tamil Sangam of New York. Subramanian Swamy is today nationally known and widely respected for his ideological conviction, for his commitment to furthering democracy and market economy in the country, for his scholarly credentials, and a blemish-free political career. He has been elected to Parliament for five terms and been a Cabinet Minister twice.