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corruption - Coggle Diagram
corruption
example
giving or accepting bribes or inappropriate gifts
double-dealing
under-the-table transactions
manipulating elections
diverting funds
laundering money
defrauding investors
specific example: paying to get out of trouble
effects
erodes the trust we have in the public sector to act in our best interests
wastes our taxes or rates that have been earmarked for important community projects
meaning we have to put up with poor quality services or infrastructure or we miss out altogether.
slowing down the economic growth of a country
decreasing investment
increasing poverty
increasing income inequality
reducing the level of happiness of the people in a country
cause
large amounts of public resources derived from natural resources
vested interests and politically connected networks
poorly paid civil servants
low regulatory quality
weak judicial independence
definiton
dishonest behavior by those in positions of power (managers or government officials)