Combating Corruption On Global Scale

Corruption is a complex phenomenon. Globally speaking, the problem of corruption has been at the center of political agendas. Bureaucracy, politicians, and the business sector of the developing world especially are most seriously affected by, and inextricably involved in corruption. One prominent opinion polls showed that people believed “more than ninety percent politicians are corrupt.” According to the World Economic Forum report, the estimated cost of corruption in a global context is about $2.6 trillion annually. Corruption disproportionately affects the most vulnerable people in society. Corruption deters investment, weakens economic growth, violates the rule of law, and is one of the biggest threats to the well-being of society.