Essay On Impact Of Corruption In Economy

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The Impact of Corruption in Economy
Considering the empirical evidence on its negative and adverse consequences, fighting corruption has become an important issue to be concerned about. According to Gardiner in Mauro, “Corruption, basically, is a usual ubiquitous aspect of political society. Corruption can be defined as using the public office for private gain, or using an office position or status to get a personal benefit”. This aspect is spreading in almost over the world with many forms of actions, especially in Indonesia. It is unlikely that many reformers will ever eliminate it completely. Many reformations have launched their law and rules to fight this case, but the growth of corruption is uneasily decreased. Corruption can be caused by many factors which can make Indonesia be the one of the most corrupt country in Asia. Corruption may lead a country to the decreasing of the economic growth, so it is very important to set an appropriate corruption eradication to lead Indonesia to be a better country.
In 2014, KOMPAS new reported that World Justice Project runs …show more content…

According to Mauro (1996), “Corruption has a number of adverse consequences that economist and policy maker are concerned about. In particular, recent empirical evidence seems to suggest that corruption lowers the economic growth”. These are supported by the factual evidence. Corruption may bring a loss of tax revenue. It can be caused by the tax flow is out of tax responsibility which is used to gain a personal benefit. Corruption may lead to the adverse budgetary consequences. Besides, corruption also leads to a lower quality of public infrastructure and service. Because it is possible that most of the corruptors use the cheap materials which is not standard and gain the remain of the contract money to become a personal

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