Stop Corruption Essay

Relax, and Stop Corruption
Corruption has never been this worse. We must end it . it is time to repair the damage institutions. We need to establish a government that is transparent and accountable.

Corruption is most commonly defined as the misuse or the abuse of public office for private gain (WorldBank, 1997, UNDP, 1999). It can come in various forms and a wide array of illicit behavior, such as bribery, extortion, fraud, nepotism, graft, speed money,pilferage, theft, embezzlement, falsification of records, kickbacks, influence peddling,and campaign contributions (Klitgaard). While corruption is commonly attributed to the public sector , it also exists in other apects of governance, such as political parties, private business sector, and NGO (USAID, Anticorruption Strategy,2005).
The Philippines is cited with increasing frequency as acountrywhere corruption inhabits foreign and domestic investment and may be eroding the country’s competitive position. Such as the investment is a vital to economic growth and social well-being. As asia recovers from crisis, competition among countries will intestify, and a explicit and credible anticorruption strategy, covering transparency and good governance, will be essential to give the philioppines competitive advantage. Corruption in the

In its report, Philippines: Critical Development Constraints, the Asian Development Bank concludes that the worsening perception of corruption partly explains the low level of investments in the Philippines and that corruption is largely to blame for weak tax administration. Poor governance, it said, was found to translate into higher lending rates, making it more expensive to do business in the Phillipines. In the end it concluded that one of the steps necessary to improve development is for the Philippine government to prioritize good