CAUSES AND EFFECTS OF CORRUPTION

The article emphasizes the multiple sides of corruption, its causes and consequences. According to relevant studies on the subject, the threat that corruption presents increases with the level it appears at, the most dangerous being the high level corruption, "kleptocracy", and state level generalized corruption, "state capture", which blocks reforms as well as economic and social development. At the same time, combating the phenomenon should not aim low-level corruption, as this affects the population and constitutes the basis that high level corruption is built on. Keywords: corruption, bribery, kleptocracy, public office, JEL Classification: G. Financial Economics.

© Nicolae Balcescu 2010. Provided by ProQuest LLC. All Rights Reserved.

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