Economic development, violence and corruption

In this great diversity of dynamics and complexities we face, corruption or the abuse of public power for personal benefit, has become one of the problems that most affects the majority of the social, political and economic processes of a society, Cotte, (2014), Cotte and Lancheros (2015). This phen...

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Autor Principal: Cotte Poveda, Alexander
Formato: Artículo (Article)
Lenguaje:Español (Spanish)
Publicado: Universidad Santo Tomás 2018
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Sumario:In this great diversity of dynamics and complexities we face, corruption or the abuse of public power for personal benefit, has become one of the problems that most affects the majority of the social, political and economic processes of a society, Cotte, (2014), Cotte and Lancheros (2015). This phenomenon causes low and slow economic development, weakens democratic institutions and generates political instability, social instability and insecurity that can usually lead to high levels of violence. According to studies conducted by the World Bank. (2000) and the United Nations Office on Drugs and Crime - UNODC (2011), more than US$ 1 trillion is paid in bribes each year; likewise, the cost of corruption and associated fraudulent commercial activities increases to an amount of US$1.1 trillion annually. These data are considered as a relatively low estimate with respect to bribes paid worldwide, both in developed and developing countries.