How to Stop Corruption ? - A Study of the Effects and Solutions of Corruption on Economic Development of India #751608

The essay demonstrates that prime scale corruption may have very harmful effects on economic and political development. Corruption together of the oldest phenomenon in human society exist in every country times. Corruption are often defined in some ways like general disease of body politics, public exploitation and abuse of position for personal gain. The causes of corruption are also many in number. for instance, cultural factor, psychological factor and system related factors may cause corruption in every society. There are some factors like monopoly power, discretionary power and weak accountability of public officials may give opportunities for corrupt acts. Corruption may decrease the efficiency of public spending, decrease the budget revenues, raise the deficit, hinder Foreign Direct Investment, reduce the effectiveness the utilization of aid, dissipate political legitimacy and hinders the democratic development. The anticorruption campaign should mainly consider the reforms of government officials, judiciary system, tax and custom departments.