The Demand Theory And Theories Of Corruption

Corruption and power have been inextricably linked for so long that many consider them to be one and the same, forever destined to accompany each other. Yet, corruption among the powerful has not been met with complacency in human history, rather the opposite instead. The Ancient Romans pioneered the first legal system with brutal punishments aimed to prevent ambitus, or political corruption. This strong desire to forcibly isolate corruption and power can be seen in China’s recent decision to declare severe cases of political corruption as worthy of the “death penalty”. Corruption even correlates with the development status of a country, which explains the common “African leadership is corrupt” rhetoric. Corruption and power may seem to be

Political corruption is a major problem in the US today. It involves almost all levels of government and affects people from all walks of life. Public office is a noble post and citizens put their trust in government officials to carry out their constitutional duties for the benefit of the citizenry. The problem comes in where both elected and unelected officials perform their duties with the goal of personal gain in full view of the law. The ethical and moral wrongs of corruption are unjustifiable in any context.

Throughout history positions of power and wealth have been plagued by corruption, does this power cause people to be corrupt? Or is the power and wealth earned through immoral and corrupt practices? In order to find these answers, one must define what they feel is corrupt, for most corruption is the act of being dishonest or immoral with the motive of personal gains of money or power. There are numerous accounts of politicians, military leaders, business owners, entrepreneurs, and millionaires, all earning or using their power and wealth in an immoral and corrupt manner. Whether money is used for personal gain, used to corrupt others, or the wealth was earned by corrupt ways, it seems that the accumulation of wealth is constantly accompanied by corruption.

Someone who is abusing the power that is given to him or her defines corruption, however, the word in its self is more than a simple idea; it is an intricate network. Since people’s views about ethical and moral behavior affect the way corruption is examined, the word has a slightly different meaning to each person. Additionally, misconduct across various societies is viewed differently due to social and cultural borders. The criminal justice system has had many instances where corruption had affected the outcome of a case and has inserted itself into the legal process.

First, it is important to define what corruption is. The term, “corruption” covers a broad range of human actions,

Have you ever been given a position of power? Even if it was little like a moderator in a game or a admin in a chat? If you have was there a time you abused your power,or maybe multiple times? This is a argumentative essay on how resources fuel corruption and how there is corruption in law enforcement and politics.

Ultimately corruption takes away from the total resource pie, which essentially takes away from the common populace. When a nation’s resources are fraudulently diverted, societal development and progress suffer across the board. Accordingly, nongovernmental organizations such as Transparency International concur with this assessment and also depict corruption as an anti-poor mechanism. Hence, corruption feeds into the cycle of poverty in developing nations, leaving the majority of wealth for the elite minority, while the majority of the populace lives in abject poverty. In the end, corruption and poor governance, combined with an abundance of accessible and valuable resources throughout the region provide ample motive for the generation of a power grab.

In Africa, corruption is a major concern in hindering the country’s development. As d’Agostino, Dunne & Pieroni (2016) states that combating corruption can improve aggregate economic performances and improve the “indirect effects that come through the interaction between [government] corruption[s]” (pp.84). However, Mckoy (2012) argues the lack of information and understanding in the Commonwealth Caribbean causes many management practitioners to use information from other countries and regions, like the continent of Africa. As such, he defines Caribbean analysis on corruption are based upon opinions, anecdote and cross-country correlations (Mckoy, 2012, pp.10). In Antigua, the economy is dependent on the service sector with 77.5% of the GDP (CIA, 2017) and the employment rate is 82% (CIA, 1982).

It would be convenient to start this research paper by stating that corruption is a challenge mainly for businesses in developing countries and that it is unrelated to the current affliction of the economy in the United States. It would also be convenient to claim corruption has declined in America as a result of awareness raising campaigns and the numerous anti-corruption laws. But none of those aforementioned statements would be true. Corruption is not the exception, but rather the rule in today’s business practices. In 2004, Daniel Kaufmann, a senior fellow at Brookings Institution and former director at the World Bank, calculated an index of "legally corrupt" manifestations which is defined as the extent of undue influence

Corruption can be defined as the use of entrusted power to accumulate public wealthy for personal benefit. Corruption is not peculiar to any country, continent or state; it is sure a global issue which is an endemic to all government all over the world. However, corruption is prevalent in the Niger delta region of Nigeria; public officers in this oil producing state of Nigeria are corrupt. Consequently, it has defied the Niger delta from developing politically and economically which has left the states reputation in a mess. Radicalization of youths, abject poverty and -political instability are the three leading effects of corruption in the Niger delta region of Nigeria.

Although a lot of hopes and expectations are provided in the current process of democratic modification and its capacity to engineer good governance, the possible outcome of the process remains uncertain and open to speculation. In Africa, just like any other region of the world, the indicators and cost of bad governance are corruption, injustices, inequity, integration crisis, ethno-religious feuds and a host of others. Corruption has generated an unthinkable level

Political corruption has existed throughout the ages. It believed to be most prominent in positions of power, because of the role money plays in getting people power. However, over the centuries, corruption has changed so much so as to not match a particular definition of corruption, perpetually growing deceptively harder to find (Ebbe).

While corruption is said to generate inefficiency and retard growth in a country (Ackerman, 1997), China manages to deliver astronomical economic growth amidst rampant corruption (Li, Peng, 2001). To explain China’s puzzle, the essay first focuses on the causes of corruption and why it has yet to be eradicated, and then analyzes its economic impact in the short and long run.

Corruption is a complex political, social, and economic anomaly that negatively affects developing and developed countries. It weakens democratic institutions, holds economic development, widening the rich-poor gap and certainly leads to governmental instability. The World Bank definition of corruption states that “…the abuse of public office for private gain”.

In this essay, I will present an argument against theories that propose that corruption may be beneficial to economic growth by presenting theoretical and empirical evidence that suggest otherwise. I will also discuss policies that will prove effective in eliminating corruption in developing countries.