In: Economics
Discuss ways in which corruption can be controlled. I need a detail answer
Corruption can have deep and far reaching consequences for an economy, and in an increasingly interconnected world, the entire globe . A Corruption is an abuse of public resources or position in public life for private gain .Corruption is not action of taking bribe, it shows the in equal distribution of resources, existence of Poverty, Power and dominance.
HOW CORRUPTION INCREASE DAY BY DAY -:
The Corruption increases when control on the public administrators is fragile and the division of powers between political, executive and bureaucracy is ambiguous.
Every year $1 trillion is paid in bribes while an estimated $2.6 trillion are stolen annually through corruption a sum equivalent to more than 5% of the global GDP .
The Ways to curb the corruption
-Help in Setting Accountability , due to increased information awareness
-Through transparency, the administration enables openness as behavior approach for functioning of governance.
-Proactive civil society,Simplification of Procedures,Judicious incentive structure,Reviewing outcomes through monitoring
- Introducing moral values, ethics in School curriculum : educating and inculcating the values automatically corrects the next generation from illegal activities.
-Participatory governance: creating awareness, knowledge on governance procedure, educating the people, sets the path way clean and clear.
- Strict law and enforcement: Effective and in time punishment make the faith in Governance.
- Technology usage: digitalizing the process makes transparent and accountable.
- Community Participation: Keep citizens engage in Anti corruption activities at local, national and international level.
CONCLUSION
Increasing the level of transparency about government performance produces the greatest SUCCESS when it is accompanied by reforms that enhance power of ordinary citizens, improve coordination and collective action, or strengthen the State’s ability to punish impunity
Technology-based solutions work best with concerted institutional support, DUE TO THIS when they decentralise enforcement, the circumvent middlemen bureaucrats, and empower ordinary citizens.