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Corruption-Goog for a Countrys Economy

  • Date Submitted: 08/06/2013 08:16 AM
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Words of Wisdom:"Doing The Right Thing Is More Important Than Doing The Thing Right!" - DemajhSals
Home Page »Economics
Corruption-Good for a Country's Economy.

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According to Transparency International (TI), ‘Corruption’ is operationally defined as the abuse of entrusted power for private gain. TI further differentiates between "according to rule" corruption and "against the rule" corruption. Facilitation payments, where a bribe is paid to receive preferential treatment for something that the bribe receiver is required to do by law, constitute the former. The...


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