oduction of corruption
What is Corruption?
In philosophical, theological, or moral discussions, Corruption is spiritual or moral impurity or deviation from an ideal.
In economy, Corruption is payment for services or material which the recipient is not due, under law.
Corruption means the state of being bad and dishonest, especially in matters concerning money. It creates a very impact to the country's education, occupation, living style and mostly the humanity.
Corruption affects all regions of the world and all levels of society, but the impact is greatest in developing countries. Every year, developing countries lose USD 50 million to 100 million through corrupt acts
Corruption undermines political, social and economic stability and damages trust in institutions and authorities. It also fuels transnational crime. Terrorists and organized criminals are aided in their illegal activities by the complicity of corrupt public officials.
Types of Corruption
Corruption became a sway all over the world now-a-days. It can be categorized in three types.
There are three broad classifications of corruption, which are however not mutually exclusive:
Petty and Grand corruption:
Petty Corruption:
• Practiced on a smaller scale. Defined as the use of public office for private benefit in the course of delivering a pubic service. Usually involves relatively small amounts of money, including bribery (grease money or speed payments) The public servant abuses his/her position by accepting a benefit for what is a routine transaction or approval. The direct victim of this abuse of power is the citizen.
Grand Corruption:
• The most dangerous and covert type of corruption. Instances where policy making, its design and implementation are compromised by corrupt practices. Found where public officers in high positions (such as councilors), in the process of making decisions of significant economic value, routinely...
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Submitted by: sanchit99 Date shared: 02/26/2012 11:24 AM Words: 6265 Pages: 26
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