The challenges of corruption and the attainment of vision 20:2020
Of late the focus and tenor of the fight against corruption has attracted renewed interest and come under fresh scrutiny as part of the broader good governance agenda. This is partly dud to increases in the incidence of corruption with impunity and mounting evidence about its negative multidimensional impact. The effect of corruption varies, depending on country conditions. It may, in the short term, even coexist with strong economic performance like (Chile, Asian Tigers). Its long-term effect, however, extends beyond actual revenue loss. This paper reflects on the economic effects of corruption in the attainment of Vision 20:2020. It is observed that the relate indirect effects include driving away investment, diminishing core democratic values, weakening the rule of law and credibility of pubic institutions, undermine consolidation of good governance and violate the social contract between citizens and the state. Furthermore, the findings showed that governance constraint, and corruption in particular, is a key determinant of a country’s global competitiveness. These findings challenge traditional notions of what constitutes the country’s investment climate,’ and who shapes it. This paper realizes that illegal forms of corruption would continue to be prevalent in the interaction between transnational of the rich world and the pubic sectors in many emerging countries.
Key words: Corruption; Good governance; Rule of law; Revenue loss; Attainment; Values
- There are currently no refbacks.
How to do online submission to another Journal?
If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:
1. Register yourself in Journal B as an Author
Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.
Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.
We only use three mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases: email@example.com; firstname.lastname@example.org; email@example.com
Copyright © Canadian Academy of Oriental and Occidental Culture
Address: 9375 Rue de Roissy Brossard, Québec, J4X 3A1, Canada
Telephone: 1-514-558 6138