The Team – WebStory24.com
Corruption affects at all levels of development of the country. It undermines institutions, wear away trust in governments, and hinders economic growth.
Countries with weak governance structures and a lack of transparency are more susceptible to corruption.
When there are no consequences for corrupt behavior, it can become more prevalent.
Certain cultural customs, norms and values can tolerate or even encourage corruption.
Corruption includes bribery, embezzlement, extortion, nepotism, and fraud. It occurs in society - from government officials to ordinary citizens.
Corruption diverts resources away from essential services and investments, hindering economic development.
Corruption can worsen poverty by denying people access to basic services and opportunities.
Corruption wears down trust in government institutions and can lead to political instability.
Corruption can erode social trust and increase social divisions.
To address corruption, countries need to implement strong anti-corruption measures, promote fairness and accountability, and strengthen their institutions.