In the Shadow of Graft: Unveiling the Economic Costs and Remedies of Corruption

Authors

  • Prof. Isabel Garcia Department of Philosophy, University of Barcelona, Spain Author

Keywords:

Corruption, economic costs, inefficient allocation, distorted markets, investment discouragement, inequality, poverty, growth suppression, institutional reforms, anti-corruption measures, transparency, accountability, whistleblower protection

Abstract

The serpent of corruption slithers through societies, injecting its venom into the veins of economies, constricting growth, and poisoning trust. This article delves into the labyrinthine terrain of corruption's economic effects, unraveling the intertwined threads of reduced efficiency, distorted markets, and undermined development. By navigating this labyrinth, we illuminate the hidden costs of graft and explore potential remedies for safeguarding economic health and fostering ethical prosperity. Charting a course towards a future free from corruption's corrosive touch requires a nuanced understanding of its economic consequences, unwavering commitment to transparency, and robust institutional reforms.

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Published

2022-12-31