What is corruption? Corruption is wrong doing on the part of an authority and powerful party through means that are illegitimate‚ immoral or incompatible with ethical standards. Corruption often from protonage and is associate with bribery • Types of corruption The types of corruption are as follows: 1) Bribery 2) Theft and fraud 3) Extortion 4) Abuse of discretion 5) Favouritism‚ nepotism and clientism 6) Conduct creating or exploiting conflicting interest 7) Improper political contribution
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Political corruption is the use of power by government officials for illegitimate private gain. Misuse of government power for other purposes‚ such as repression of political opponents and general police brutality‚ is not considered political corruption. Neither are illegal acts by private persons or corporations not directly involved with the government. An illegal act by an officeholder constitutes political corruption only if the act is directly related to their official duties‚ is done under
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position in the list of 178 countries as far as corruption is concerned in Transparency international’s Corruption Perceptions Index (CPI). It includes both political and bureaucratic corruptions. Transparency International has estimated the annual worth of great Indian corruption market is US$5 billion. And 75% of them are corruptions made by politicians. That is the reason why we live in a rich country but we are poor. The list of political corruptions/scandals after the independence is huge in number
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trust to influence that person’s views or conduct.” It is said that bribery occurs in international business for many reasons‚ such as a company paying a public official to expedite‚ or complete a transaction. Although the United States has anti-corruption laws‚ companies continue to use bribes as a way of advancing a business deals. Companies such as Lucient Technologies and Siemens have been prosecuted‚ even in their own countries. Bribery is most certainly an ethical issue in business because companies
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centralisation‚ degeneration in the quality of the machinery of law and order‚ weak financial accounting and auditing systems‚ damaging discretionary interventions‚ uncertain non-transparent and variable policy frameworks‚ and massive dimensions of corruption and waste. Not infrequently public funds have been used to finance white elephants at great economic cost to the nation. It is also an unfortunate fact that progress towards policy reforms has been hampered by uncertainties in the investment climate
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Philippines ranked 105 with a 3.4 Corruption Percentage Index in Transparency International’s compilation of data from 176 countries. The CPI score ranks countries from 0-10‚ with 0 indicating that a country is perceived to be highly corrupt‚ and 10 means that a country is perceived to be very clean (Transparency International‚ 2012). Corruption proves to be that longstanding problem that Filipinos and Filipino politicians always face. Of the many means of political corruption in the Philippines today‚ believed
Free Philippines Emilio Aguinaldo Political corruption
When it comes to the most serious problem hindering Chinese modernization efforts today‚ our group considers the Knotty Political System in china as the most serious problem. To be specific‚ Rampant Corruption and Rule by law in political system are the focus of our presentation. Before i go into the problems‚ I would like to highlight the Modernization in Chinese context in terms of the direction of Chinese modernization ‚ which is quite different from other western countries. China’s modernization
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of what is happening in the country. One of the big problem that our country encounters today is CORRUPTION. “Pork Barrel” is the appropriation of government spending for localized projects secured solely or primarily to bring money to a representative’s district. The usage originated in American English. In election campaigns‚ the term is used in derogatory fashion to attack opponents. The corruption in our country is passed by generation to generation. If we don’t act now as an living individual
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Causes of corruption The causes of corruption are many and complex. Following are some of the causes of corruption. · Emergence of political elite who believe in interest-oriented rather than nation-oriented programmes and policies. · Artificial scarcity created by the people with malevolent intentions wrecks the fabric of the economy. · Corruption is caused as well as increased because of the change in the value system and ethical qualities of men who administer. The old ideals of morality
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I recommend that we carefully analyse the political unrest observed in Thailand which are categorised below and developing strategies accordingly. Macroeconomic political risks As a result of civil unrest Thailand’s economy has experienced slower growth as “the stock market fell almost 10 per cent over the first two days‚ and car sales and consumer confidence are down” (Snowdon 2014). This will directly affect our revenue. Civil unrest prompting violent actions also raises doubt in Thailand’s
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