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WHAT IS CORRUPTION?
The word corruption means the destruction, ruining or the spoiling of a society or a nation. Selfishness and greed are the two main causes of corruption. In societies where traditional, religious, ethical teaching and standards of morality are weak, corruption often thrives. Various forms of corruption include extortion, graft, bribery, cronyism, nepotism, embezzlement and patronage. Corruption allows criminal activities such as money laundering, extortion and drug trafficking to thrive.
Consequences of Corruption
Loss of National wealth Hindrance and obstruction in development Backwardness Poverty Authority and power in wrong hands Brain drain Rise in terrorism and crimes Rise in suicide cases Psychological and social disorders
Effects
Loss to tax payers Inflation Lack of infrastructure
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