Corruption Impact on Economic Development | The Blk Projek
Corruption Impact on Economic Development
No region, and hardly any country, has been immune from corruption. Like cancer, it strikes almost all parts of society and destroys the cultural, political and economic structure of society.
Corruption and its impact on the economic development of developing countries
Corruption is one of the most important problems facing the world today. You can find it in both rich and poor countries. Corruption has serious social, political and economic consequences for a country’s development.
In most cases, those who suffer are those who are already struggling with inadequate access to public services, such as education or health care. Funds earmarked for public investment often fall victim to corruption, or at least to a significant extent.