Corruption Essay

782 Words2 Pages

It is defined in the online Oxford dictionary as “dishonest or fraudulent conduct by those in power, typically involving bribery”.
Another definition of corruption is “the act or effect of giving or receiving a thing of value, in order that a person do or omit to do something, in violation of a formal or implicit rule about what that person ought to do or omit to do, to the benefit of the person who gives the thing of value or a third party”. (Argandona, 2005):
These definitions emphasize the following features of corruption (Argandona, 2005):
• It is an action, an omission, or an attempt to do such action.
• It consists of giving and receiving.
• It involves the exchange of something of value.
• It is done by an individual holding a position …show more content…

Consequences of corruption
Corruption takes place in industrialized countries, developing countries and less developed countries and seems to have been accepted as no more than a cost of doing business in many countries. As a result, corruption was identified as one of the greatest obstacles to social and economic development of nations. The effects of corruption are felt in monetary terms from a business point of view, as well as in social and political costs.
5. How to fight government corruption
i) Build strength from within
Strong internal controls and accountability mechanisms enable anti-corruption agencies to carry out their missions and avoid internal abuses that can damage their credibility ii) Cultivate influential alliances
External support is critical for anti-corruption agencies to outflank powerful opponents. Fostering effective alliances with different groups requires creativity and diligence, Kenya’s ethics and anti corruption commission for combating corruption and organized crime sought to gain media support by training its prosecutors in media relations, breaking down their reluctance to talk to the media while giving them the skills to do …show more content…

H., Gray, C. W., (2006). Anticorruption in Transition. Who is succeeding… and why? Washington DC: The International Bank for Reconstruction and Development/ The World Bank
Argandona, A., (2003). Private-to-private corruption. Barcelona: IESE Business School. Retrieved from http://www.iese.edu/research/pdfs/DI-0531-E.pdf
Argandona, A., (2005). Corruption and Companies: The use of Facilitating Payments, in Journal of Business Ethics, 60, 251-264
Nwabuzor, A., (2005). Corruption and Development: New Initiatives in Economic Openness and Strengthened Rule of Law, in Journal of Business Ethics, 59; 121-138
Dr Heather M., (2013). Corruption,Politics and Development: The Role of the World Bank. Palgrave Macmillan.
Arnold J. H., and Michael J., (2011). Political Corruption: Concepts and Contexts. Transaction Publishers.
Mr. Moses M., (2013). Conceptualising Corruption. Article retrieved from http://www.icac.org.hk/newsl/issue30eng/button4.htm
Wrong, M. (2014, May 6). Everyone is corrupt in Kenya, even grandmothers. Retrieved from www.foreignpolicy.com/.../everyone_is_corrupt_in_kenya Transparency International. (2014). Overview of corruption and anti-corruption. Retrieved from www.trasparency.org-Kenya
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