English, asked by ansari1881, 1 day ago

What is corruption? Why it is considered as one of the main obstacles for the development? Write reasons

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Answered by shyamkumawat9910
1

Answer:

Corruption, as it is defined by the World Bank, is a form of dishonesty or a criminal offense which is undertaken by a person or an organization which is entrusted with a position of authority, in order to acquire illicit benefits or abuse power for one's private gain.

Corruption is a major obstacle to development . It undermines democracy and destroys the credibility of government. Effective democracy requires a comprehensive attack on corruption as a factor of social disintegration and distortion of the economic system that undermines the legitimacy of political institutions.

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