Corruption is basically the abuse of vested powers given to an
individual, done for any kind of personal gain. It is purely misuse
of powers.
The various causes of corruption are:
- Low compensation
- Lower opportunities
- Lack of economical stability
- Absence of stringent and effective management
- Lack of courage to raise voice against corruption
- Lack of transparency
- Absence of strong punitive measures
- Lower press freedom in the country
- High level of monopolization
The negative effects or consequences of corruption are:
- Quality of services deteriorates
- High chances of unemployment
- Unequal distribution of power and benefits
- Increase in number of rule and policy breakers
- Lack of trust in society, thus affecting social
camaraderie
- Decrease in foreign investment
- Lack of development
- Slow or negative rate of growth