
doi: 10.1108/eb025937
Corruption is one of the biggest challenges of our time. There is corruption in every country, regardless of its location on the map, and whether it is rich or poor. It is a negative phenomenon that affects everyone: it destroys public policy to its foundations, leads to misuse of resources, destabilises the foundations of even a good government, infringes on the private sector and impedes its progress. It exacerbates poverty, interferes with social and economic development and undermines the foundations of democracy. Instead of fair price, quality and innovation‐based competition, corruption promotes bribery, hinders trade and obstructs new investments.
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