What is International Anti-corruption Day?
Every year on December 9th, International Anti-Corruption Day raises public concern for anti-corruption. It also encourages the public to participate in innovative strategies aimed at resolving corruption battles.
Corruption is defined as dishonest or fraudulent activity. Others characterize dishonesty as the misuse of entrusted power for private gain. Usually, those in power use corruption to achieve their objectives. Corruption takes many forms. Bribery, price-fixing, and embezzlement are only a few of the offences connected with corruption. According to the United Nations, $1 trillion is paid in bribes every year. These crimes take in $2.6 trillion on an annual basis by corruption. These estimates add up to more than 5 percent of the global GDP, up more than 5 percent.
Corruption plays a role in entire nations' socioeconomic, political, and economic growth. The act has brought down governments and destroyed companies, as well as destroyed companies. However, the poorest and most vulnerable are the most common victims.
Both wealthy and undeveloped countries are subjected to corruption of all sorts. It is much worse in underdeveloped countries, however, than in developed countries. Funds in these countries that have been unable to function are ten times more than the amount of funds needed for development. That's because corruption thrives in places where political institutions are weak.
The most grafted countries include:: The most corrosive countries include::
