Online desk. International Monetary Fund (IMF) report has been one of the world's developed and developing countries in all types of transactions bribes. It is difficult to measure, but as a recent one found that on average a year and a half to two trillion dollars in bribes are being traded. This amount is equal to half of the global GDP. However, the socio-economic losses are much higher. Corruption: The cost of the strategy and the elimination of the report has been published recently.
The report does not mention a specific calculation of bribery or corruption in any country. Economists and anti-corruption agencies at different times of the report in the light of the adverse effects on the economy and corruption have been discussed to overcome the situation. As mentioned in the analysis, corruption, gross domestic production (GDP) is interrupted. Increased economic and social costs. Transparency, organizational skills and leadership development is the key. IMF chief Christine lyagarda noted that the economic cost of corruption is known. But much more indirect damages. The negative impact on growth and income inequality is causing it.
Report, corruption has hampered economic development in many ways. Firstly, as a result of corruption in the country decreased revenue. As a result, development is hampered. Allowing tax evasion, the tax pressure on them to do. As a result of the country's citizens to pay taxes to discourage. Secondly, when the state purchases of corruption destroys the quality of public expenditure. Third: if the revenue is less than any of the country's central bank to raise the amount to borrow. As a result of the increase in the inflation rate. As well as the impact of corruption on the financial sector is under pressure. As a result of the corruption of public funds, money market decreased praptira advantage.
Donors may increase the cost of debt. As a result, productive expenditure increases. In addition to financial loss as a result of corruption increases the cost of social and environmental. Eradicating corruption was encouraged to report directly to the country. However, overall consideration of some of the recommendations have been mentioned, transparency and anti-corruption fighting strategy, should be a clear legal framework. As well as freedom of the press requires.
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