We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Opportunity cost of corruption - Essay Example

Comments (0) Cite this document
Summary
The research is aiming to find the impact of corruption on the economy of the country and the people as individuals. What are the sources and consequences of corruption. The results are based on the empirical study and search work available on the Internet…
Download full paper
GRAB THE BEST PAPER
Opportunity cost of corruption
Read TextPreview

Extract of sample
Opportunity cost of corruption

Download file to see previous pages... The research is aiming to find the impact of corruption on the economy of the country and the people as individuals. What are the sources and consequences of corruption. The results are based on the empirical study and search work available on the Internet.The results of the study and research leaded to outcome that corruption is a global problem that exists at all levels. Corruption can be defined as the abuse of public power for personal ends. Corruption can be defined as use of authority or power to meet personal ends. It has always existed in the world and now-a-days is being treated as global concern. In a corrupted society, personal enrichment considerations take preference over the establishment of rights for all, resulting in biased decision making. Corruption is not confined to a State or country but is prevalent at a global level. Let's have a look at state of corruption on a worldwide scale. The figures are indeed shocking. According to the Asian Development Bank, one East Asian country is estimated to have lost $48 billion over 20 years due to corruption, surpassing its entire foreign debt of $40.6 billion. It has been calculated that as much as $30 billion in aid for Africa has ended up not in Africa, but in foreign bank accounts. Thirty billion dollars is twice the annual gross domestic product of Ghana, Kenya, and Uganda combined. Corruption, it turns out, costs many governments as much as 50 percent of their tax revenues1.
2. Effects of Corruption
When the effects of the corruption are considered they cannot be shown as a direct relation ship with the economic changes. The negative changes in the economy due to the corrupt ideas and deeds can be connected with each other to estimate cost of corruption. For example the subprime market is overloaded with bad loans that smashed the holes into a financial ship. This is due to the fact that the banks are giving loans to the borrowers without substantial proof of their income sources. The disbursal of loans without substantial proof or guarantee will result in bad loans. The loans that are given to the borrowers who have no source to pay are due to corruption. This resulted in 40 percent of sub prime market is made up of these loans. The appraisal will be fraudulent when the officers are corrupted and it costs the bank or any financial organization thousands and millions of dollars in the form of non profitable assets. This in turn will halt or slows down the growth of the economy in the near future. When the loans are going bad the mortgage companies are making lot of money and the banks are at receiving end. These companies are spending few million dollars and are making money from billions of mortgage loans. As long as the artificial rise of the property continued the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Opportunity cost of corruption Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1500243-opportunity-cost-of-corruption
(Opportunity Cost of Corruption Essay Example | Topics and Well Written Essays - 2000 Words)
https://studentshare.org/macro-microeconomics/1500243-opportunity-cost-of-corruption.
“Opportunity Cost of Corruption Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/macro-microeconomics/1500243-opportunity-cost-of-corruption.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Police Corruption
Researchers have been conducted on this subject as police corruption has proved to play a negative role for different societies. Researchers have concluded that individuals responsible to conduct police duties are vulnerable to corruption as these individuals have authority, they have discretion to take actions on their own, their duty is such that they are in constant contact with different crime committers, and actions they perform are not always in the best interest of the public.
5 Pages(1250 words)Essay
Corruption in the Teamsters Union
I have chosen both definitions as appropriate in this paper. This will include behavior and activities linked to Bribery, Fraud, Impunity, appropriating public resources for private use, and gross misconduct. Though corruption is present in almost every area of humanity, it is probable that no field experiences much corruption than trade Unions.
13 Pages(3250 words)Essay
Combating corruption in the developing world
According to Banerjee, Hanna, and Mullainathan, corruption generally means deviation from the ideal principles, or engaging in acts of moral or spiritual impurity. They further argue that corruption takes two major dimensions namely economic and political.
5 Pages(1250 words)Essay
Macroeconomics: Product Possibilities and Opportunity Cost
In other words, the marginal cost is the opportunity cost incurred from a production decision. According to Caroline Henshaw’s article, production of biofuels will result into a drastic increase in food prices. This article indicates that biofuels are unlikely to produce the expected energy solutions but they will instead create new energy problems.
3 Pages(750 words)Essay
Opportunity Cost
Opportunity cost is one of the topics in microeconomics that focuses on situations whereby investors have to make important decisions regarding allocation of the available resources. Government taxes and levies have been highlighted as some of the factors that lead to scarcity of resources portrayed in the paper as a major constraint.
7 Pages(1750 words)Term Paper
Higher pay is the only way to reduce corruption. Discuss
Corruption can be a serious problem, such as when it becomes a large-scale corruption which is considered an emergent social process. The occurrence of large-scale
8 Pages(2000 words)Essay
Opportunity cost
In respect to this the definition of the three terms becomes handy. Scarcity is the tendency of the goods and services to be limited in
2 Pages(500 words)Essay
Opportunity cost
For example by choosing to go for music DVD giving up a Film DVD then the benefit that would be derived by watching the film would be
4 Pages(1000 words)Essay
Opportunity cost
This paper discusses the concept of opportunity cost through exploring definition of the concept and its two types, explicit and implicit opportunity
2 Pages(500 words)Essay
Let us find you another Essay on topic Opportunity cost of corruption for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us