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Over the last few years, the issue of corruption--the abuse of public office for private gain--has attracted renewed interest, both among academics and policymakers.
Regression analysis provides some evidence that if one controls for other forms of institutional inefficiency, such as political instability, corruption can still be shown to reduce growth.
Nevertheless, it is hard to show conclusively that the cause of the problem is corruption alone, rather than the institutional weaknesses that are closely associated with it.
The truth is that probably all of these weaknesses are intrinsically linked, in the sense that they feed upon each other (for example, red tape makes corruption possible, and corrupt bureaucrats may increase the extent of red tape so they can extract additional bribes) and that getting rid of corruption helps a country overcome other institutional weaknesses, just as reducing other institutional weaknesses helps it curb corruption.
Corruption is a very good topic for the essay writing.
In spite of the constant promises and talks about the importance of the value-based life, the outside show of being influenced by corruption goes on.
verybody says that criminals don’t have morals and that nothing good can be expected from this kind of people.
Nowadays, we can see the spread of corruption in many sphere of life.
People often compare it with the cancer that wracks public life.
Corruption scandals have toppled governments in both major industrial countries and developing countries.
In the transition countries, the shift from command economies to free market economies has created massive opportunities for the appropriation of rents, excessive profits, and has often been accompanied by a change from a well-organized system of corruption to a more chaotic and deleterious one.