Corruption is a major cause and a result of poverty around the world. It affects upon at all levels of society, from local and national governments, civil society, judiciary functions, large and small businesses, military up to global level and other services and so on.
Effects of Corruption
It is the mother of the crime, it affects the poorest the most, in both the rich or poor nations. Though all elements of society are affected in some way as corruption undermines political development, democracy, economic development, the environment, people’s health, education etc.
At Global Level Corruption
Not just government this is the issue at the global level, the issue of this evil is very much inter-related with other all issues somewhere. At a global level, the international (Washington Consensus-influenced) economic system that has shaped the current form of globalization in the past requires more scrutiny for it the conditions of people around the world who have already little say about their own destiny. Security of a person who stands for corruption become necessary, Inter-related issue of corruption at a national level, people’s effective participation and representation in society can be undermined by corruption. While at local levels, corruption can make day to day lives more painful for all affected. Every aspect of society faced corruption in this era.
Rich Countries are involved In Corruption
Poor becoming more poor and rich converted to a level up. When asking why poor countries are poor, it is quite a common answer. Especially in the wealthier countries that are perceived to have minimal in this crime, that other countries are poor because of this evil. Corruption is not something limited to third world despots.Rich countries to have been involved in corrupt practices around the world which is sad to hear.
Globalization, Multinational Corporations, and their Corruption
These scandals that sometimes make headline news in Western media can often be bad in developed and advanced countries.
It causes to benefit the company, not the country, Damages the environment and Promotes weapons sales etc.
IMF and World Bank Policies that Encourage this Evil
In general, policies represents also involved in this issue to support and encourage this Evil, policies that form the backbone of globalization. These policies are prescribed by World Bank and IMF the international institutions. They are making the easier for the corrupt mafia, For years, they have received sharp criticism for promoting poverty using policies such as structural development, that opening barriers to trade before poorer countries are economic ready to do so. This has also created situations ripe for corruption to flourish and strengthen the roots of this evil.
- Strengthen Democracy’s Transparency Pillar
- Address weaknesses in the global system
- Improve Government Budget Transparency
- Make it harder to embezzle billions
- Lessons from the past: US’s New Deal in the 1930s
- Direct Grassroots Action
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