effects of corruption in nepal
Answers
Answer:
Corruption has fierce impacts on economic and societal development and is subject to a vast range of institutional, jurisdictional, societal, and economic conditions. It is this paper's aim to provide a reassessment and a comprehensive state-of-the-art survey of existing literature on corruption and its causes and effects. A particularly strong focus is put on presenting and discussing insights resulting from empirical research and contrasting recent with older findings.
Explanation:
Nepal is the 122 least corrupt nations out of 175 countries
throughout the world according to the 2017 ‘Corruption Perceptions
Index (CPI)’ reported by Transparency International. Corruption
Rank in Nepal averaged 127. 64 from 2004 until 2017 A.D., reaching
an all time high of 154 in 2011 and a record low of 90 in 2004. Various
cases of VAT fraud, massive irregularities in the distribution of relief
materials of earthquake victims and the government’s failure to control
the artificial increase of fuel and basic goods, prices after Madhesh
agitation and crisis in Nepal-India trade relation has evidenced that
corruption in Nepal has becoming systemic. However, no study is
undertaken to estimate the magnitude of corruption. Therefore, along
with the promulgation of the Federal Democratic Republic Constitution
of Nepal 2015 AD, time has come to conduct a nationwide survey to
estimate the magnitude of corruption in Nepalese economy and identify
the measures to control it. This study has analyzed the historical
trends of corruption and economic growth as well as conceptual and
theoretical issues of corruption. Moreover this study tries to analyze the
trend, extend and explore the determinants of corruption in Nepal. The
causes of corruption are bad system of governance, bad incentives and
weak civil society. The major determinants of corruption are economic
growth, trade liberalization, inflation and Human Development index