Social Studies High School

Motivate why commiting fraud or corruption is bad for the advancement of a society​

Answers

Answer 1

Answer:

Corruption is among the greatest obstacles to economic and social development. The harmful effects of corruption are especially severe on the poor, who are hardest hit by economic decline, most reliant on the provision of public services, and least capable of paying the extra costs associated with bribery, fraud, and the misappropriation of economic privileges. Corruption also represents a significant additional cost of doing business in many developing countries. It undermines development by distorting the rule of law and weakening the institutional foundation upon which economic growth depends.

Corruption damages policies and programs that aim to reduce poverty, so attacking corruption is critical to the achievement of IFC's overarching mission of poverty reduction. Countering corruption is therefore aligned with IFC’s overarching mission to promote sustainable private sector investment in developing countries, to help reduce poverty and improve people's lives.

Explanation:

Answer 2

The biggest barriers to social and economic progress are found in corruption. Because they are the most affected by economic downturn and depend on public services the most, the poor are particularly vulnerable to corruption's negative impacts.

What is meant by Corruption ?

Crime and corruption are endemic sociological phenomena that occur frequently and in varied degrees in almost every nation on a worldwide scale. Recent findings indicate that corruption is increasing. Each country allocates domestic resources for the prevention of crime, the policing of corruption, and the control and regulation of corruption.

The general term "anti-corruption" is frequently used to describe tactics used to combat corruption. Furthermore, international programs like the United Nations Sustainable Development Goal 16 have a specific objective that is meant to significantly reduce corruption in all of its forms. Political corruption

According to political scientist Stephen D. Morris, is the improper exercise of governmental authority for personal gain. Corruption, according to economist Ian Senior

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