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Corruption is a form of dishonesty or a criminal offense which is undertaken by a person or an organization which is entrusted in a position of authority, in order to acquire illicit benefits or abuse power for one's personal gain. Corruption may involve many activities which include bribery, influence peddling and embezzlement and it may also ...
Political corruption is the use of powers by government officials or their network contacts for illegitimate private gain. Forms of corruption vary, but can include bribery, lobbying, extortion, cronyism, nepotism, parochialism, patronage, influence peddling, graft, and embezzlement. Corruption may facilitate criminal enterprise such as drug ...
Based on a long-standing research program of the World Bank, the Worldwide Governance Indicators capture six key dimensions of governance (Voice & Accountability, Political Stability and Lack of Violence, Government Effectiveness, Regulatory Quality, Rule of Law, and Control of Corruption) between 1996 and present.
World Bank; World Economic Forum; World Justice Project (based in the US) Countries need to be evaluated by at least three sources to appear in the CPI. [3]: 7 The CPI measures perception of corruption due to the difficulty of measuring absolute levels of corruption. [8]
Transparency International e.V. (TI) is a German registered association founded in 1993 by former employees of the World Bank. Based in Berlin, its nonprofit and non-governmental purpose is to take action to combat global [1] corruption with civil societal anti-corruption measures and to prevent criminal activities arising from corruption.
Website. worldbank.org. The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. [7] The bank is headquartered in Washington, D.C., in the United States.
The ease of doing business index was an index created jointly by Simeon Djankov, Michael Klein, and Caralee McLiesh, three leading economists at the World Bank Group, following the release of World Development Report 2002. [1][2][3] The academic research for the report was done jointly with professors Edward Glaeser, Oliver Hart, and Andrei ...
Economics of corruption deals with the misuse of public power for private benefit and its economic impact on society. The goal of the discipline is to study the causes and consequences of corruption and how it affects the economical functioning of the state. Economies that are afflicted by a high level of corruption are not capable of ...