24.Corruption Effects and Necessary Steps to Combat It
24.Corruption Effects and Necessary Steps to Combat It
GENERAL KNOWLEDGE
BY
ADEEL SHAUKAT
Effects of Corruption
1. Economic Impact:
o Inefficiency: Corruption leads to misallocation of resources,
hindering economic growth and development.
o Increased Costs: Businesses often face higher costs due to
bribery and corruption-related expenses, reducing their
competitiveness.
o Investment Deterrence: Foreign and domestic investors may
be discouraged from investing in a corrupt environment, stunting
economic progress.
2. Social Consequences:
o Erosion of Trust: Corruption undermines public trust in
institutions, leading to disillusionment and disengagement from
civic participation.
o Inequality: It disproportionately affects the poor and
marginalized, as they often lack the resources to navigate
corrupt systems.
o Increased Crime and Violence: Corruption can contribute to a
culture of impunity, where criminal activities thrive, further
destabilizing communities.
3. Political Effects:
o Weak Governance: Corruption undermines the rule of law and
the effectiveness of government institutions.
o Undermined Democracy: Electoral corruption can distort
democratic processes, leading to unrepresentative governments.
o Instability: High levels of corruption can lead to political
instability, protests, and even regime change.
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Steps to Combat Corruption
Conclusion
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Corruption is a significant barrier to social and economic development,
undermining trust and stability within societies. Combating it requires a
multifaceted approach that includes strengthening legal frameworks,
enhancing transparency, building strong institutions, promoting civic
engagement, fostering international cooperation, and leveraging technology.
By taking these steps, governments and societies can work towards reducing
corruption and building a more just and equitable future.
Consequences of Corruption
Conclusion
Corruption does not mean financial misappropriation alone! It has many forms. For
folks in leadership position, corruption may include the fallacy of not knowing one’s
job but insistence to stick to it. Selecting incapable advisers and technocrats
without adequate comprehension of their assigned tasks also falls in the same
definition. Rulers have to take tough decisions to run the business of the state at
the individual and institutional level. A rational course of action that can lead to
positive output may comprise clear understanding of issues in that sector, sound
analysis of prevailing situation, unambiguous identification of goals and objectives
as well as application of practical strategies for implementation. This is a loaded
task which requires outstanding perseverance and unstinted sincerity of purpose.
However, any deficiency or wilful neglect in this respect amounts to corruption.
Present regime has come under fire on many decisions and conduct that are
tantamount to procedural malpractice. The administrative fiasco in last days of
November 2019 regarding the appointment of a service chief for another term
exposed how incompetently the matter was handled by the ruling clique. Besides,
rudderless conduct of economic decision-making process in the name of reforms,
non-scientific escalation of urban densities, carte blanche support to dubious
investors and real estate enterprises for revenue gains and transforming the foreign
policy under absolute tutelage of the foreign powers are few recent decisions that
have been vehemently criticized by the opposition ranks and civil society
organizations. The declining capacities of leadership, uprightness and petty
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mindedness have led this macro form of sleaze to infiltrate into the echelons of
administration.