Political Corruption and Corruption Related Risks

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BUSINESS COMMUNICATION

REPORT

ON

EFFECTS OF CORRUPTION
ON
ECONOMY

Submitted To: Submitted By: Mr. Pankaj Chauhan Sonali Jain Section- C (156)

PURPOSE
Our world is corrupt. There is no doubt of that. No matter what city you live in there are corrupt politicians and corrupt police. Our world runs by it. Corruption is so widespread that even if you know it is happening you have to work for its’ benefit. Talent, Ability, or Morals have no chance against it. There is no escape. Corruption puts incompetent people in charge and keeps them there. That’s its purpose. INTRODUCTION

Most of us have an idea of what corruption is. But we don’t necessarily share the same idea. That is why we need to ask the question about what corruption is. For example, do you believe giving money to speed up the processing of an application is corruption? Do you think awarding contracts to those who gave large campaign contributions is corruption? Do you think bribing a doctor to ensure your mother gets the medicine she needs is corruption? Do you think using government construction equipment to build an addition on one’s house is corruption? Corruption is not just the clearly “bad” cases of government officials skimming off money for their own benefit. It includes cases where the systems don’t work well, and ordinary people are left in a bind, needing to give a bribe for the medicine or the licenses they need. Corruption is the lack of duty, morality and honesty. In spite of various policies, implemented rules and regulations and reinforcement of anti-corruption bureaus, corruption is still making its surface that needs to be addressed very seriously, thoughtfully as well as by not affecting by...
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