How Corruption Damages a Society

How Corruption Damages a Society

Here are about Corruption Damages. If our society is mistreated by selfish and greedy officials, who practice all forms of corrupt actions, our society becomes sick, weak, and can eventually collapse. Corruption is cancer for our society. It undermines the growth and development of any society. So you want to know how dangerous and harmful corruption is for society? The following are some of its harmful effects on any society. How Corruption Damages a Society

On economy

Corruption poses a very serious threat to the economy of a society. No matter how economically powerful the society is, corruption weakens the economic growth of that society. Officials in a corrupt society misdirect the economy, looting treasuries and allowing embezzlement and inflation to take over. Contracts, which are. What does this mean for the masses and the country’s economic growth? It means that the poor masses have nothing to enjoy and the economy is stagnating. In Africa; For example, economists believe that one of the reasons corruption is rife in the region is that Corruption Damages have mainly taken the form of rent extraction.

Researchers at the University of Massachusetts estimate that capital flight from 30 sub-Saharan countries was $187 billion between 1970 and 1996, more than those countries’ foreign debts. In Nigeria, for example, more than $400 billion was stolen from the treasury by Nigeria’s leaders between 1960 and 1999.

This means that the poor are in a very critical condition for African countries like Nigeria. This is because, apart from the rising prices of goods due to inflation created by the officials by offering “economic interest” – bribery and embezzlement – the poor can hardly enjoy anything from their land, and the consequences, as we have seen, is the continual fury of anger and violence on the part of the marginalized poor to bridge, by any means necessary, the vast gulf between them and the rich that has left them almost insignificant.

on state system

Corruption undermines democracy and good governance. For example, in elections, where voters vote for the candidate they believe will improve their quality of life, corruption damages this opportunity by sabotaging election processes with bribery and fraud. Whatever we look at, be it in politics or in administration, corruption reduces accountability, distorts representation in policymaking, and jeopardizes the rule of law in the judiciary. In third world countries. Where corruption is more prevalent. The rule of law is violated as a result of serious abuse of power. making checks and balances almost impossible. This is very serious in light of the nation’s public administration and the survival of its citizens.

About social development

Corruption inhibits economic growth and discourages investment. How can a society develop in a country tainted with corruption? Any society that wants to develop itself, commit itself to prudent practices and transparent governance must avoid corruption. But corrupt societies find it difficult to prevent the looting of public treasuries and therefore their development is almost impossible.

Corruption is a deadly threat to any society. It kills the economic development of a nation, weakens the political culture, and destabilizes the growth and development of a society. In the developing world countries, where corruption is rife, the poor have suffered the most.

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