The concepts of fraud and corruption can be defined in number of ways, depending on the context in which it is used. Throughout the history of civilizations, corruption and fraud have been present as major problems in all societies, both past and present. It has been present in all forms of governance, be it monarchies, regimes of military dictators, religious regimes or regimes controlled by elected officials in democratic societies. With regard to corruption, if there are people in positions of power who have the opportunity to make decisions and allocate resources then the opportunity for corruption exists. In short, corruption can be found in almost any organization or group that has some sort of power structure such as businesses and commercial enterprises, public service agencies, such as police and welfare agencies, hospitals, nursing homes, educational institutions, religious organizations, and government agencies. Corruption is defined as the misuse of power to obtain illegal advantage. To engage in corruption, a person most hold a position of power of some kind that gives the person an opportunity to abuse the position to take improper action, or fail to act on matters related to the responsibilities of the position. A person engaging in corruption is usually motivated by self-interest such as obtaining money, promotion, or in some cases a desire to be known as having influence that affects the outcome of cases. To engage in a corrupt act is generally defined as a crime in most criminal codes, but corruption is also a mechanism or vehicle for other crimes such as theft, embezzlement, and fraud.
- Define corruption.
- What is the root cause of corruption?
- How can corruption be prevented?
- How does corruption affect the economy?
- How does corruption affect the society?
Defination of corruption
Corruption is the misuse of power or position to obtain illegal or un fair for someone personal gain and benefits. Corruption always . The root cause of corruption is low salaries, transparency, cultural norms that tolerate corruption. Corruption is biggest flaw of nation. Corruption only misuse every power for their benifit and gain .
Root cause of corruption
– poor governance
– lack of accountability
– low salaries
-lack of transparency
– poot working condition
– cultural and social norms that tolerate corruption.
Preventing corruption
– established strong institutions and accountability
– promote transparency
-open decisions making
– implement anti-corruption law and regulations
– ensure adequate salaries .
-provide whistleblower protection
– Implement effective internal law
Impact of corruption on the economy
– distort market competition and economic growth
-increase cost and reduce efficiency
– reduce government revenue and increase dept
– create inequality and proverty
– undermines trust in governance
Impact of corruption on society
– Compromise natural security and stability
– reduce access to basic services and opportunities
Endore trust in government and institutions
-undermines social cohesion and stability