Wednesday, September 9, 2009

C- Fighter Anti-Corruption Guide - Word for the Day 09-09-09


CORRUPTION

Definition

The abuse of entrusted power for private gain. Corruption can be classified as grand, petty and political, depending on the amounts of money lost and the sector where it occurs. Also see ‘grand corruption’, ‘petty corruption’ and ‘political corruption’.

Example in practice

According to a national survey in India, more than 70 percent of families that live below the poverty line have reportedly paid a bribe to law enforcement and local housing authorities.

Relevant links

—— Asian Development Bank: Anti-Corruption Policies and Strategies.
www.adb.org/Documents/Policies/Anticorruption/anticorrupt300.asp?p=policies

—— OECD: Corruption - Glossary of International Criminal Standards.
www.oecd.org/document/2/0,3343,en_2649_34857_40460290_1_1_1_1,00.html

—— World Bank: Helping Countries Combat Corruption.
www1.worldbank.org/publicsector/anticorrupt/corruptn/cor02.htm

1 comment:

  1. Corruption slows down development across the world. I think only way to curb corruption is to stop printing curreny

    ReplyDelete