What is Wrong with Corruption?
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AbstractThe article focuses on corruption and the harm it causes. It says that corruption is the immoral abuse of power by a person for unauthorized personal gain. It states that public corruption took place in the wide domain of government activity which regulates private activities, while private corruption involves private parties abusing their power relations with some of private parties. It adds that corruption leads to human suffering and represses investment and economic growth.
Article deposited after permission was granted by LRC, June 11, 2013.