Corruption is the abuse of entrusted power for private gain. It means that:
- Decisions are taken not for the public benefit but for private interest
- Democratic institutions are weakened. Political costs manifest themselves above all in loss of legitimacy, and of public trust and support
- Instead of fair competition based on price, quality and innovation, corruption leads to competitive bribery. This harms trade and deters investments
- The environment is threatened. When environmental protection agencies are corrupt, the very foundations of sustainable development are eroded
- Human right abuses flourished. As corruption increases regimes become more secretive, and basic social and economic rights are threatened
- Corruption makes it impossible for millions of people, especially in developing countries, to earn an honest living. ^ Top ^