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Crony capitalism, sometimes also called simply cronyism, is a pejorative term used in political discourse to describe a situation in which businesses profit from a close relationship with state power, either through an anti-competitive regulatory environment, direct government largesse, and/or corruption. [1]
In previous reports, the 2007 Global Corruption Report focused on judicial corruption and its effect on the justice system as a whole. It also assessed the pressures applied to judges and courts by politicians, society and economic conditions. The report reviewed where and why corruption in the judicial system is occurring.
Corruption ranges from small favors between a small number of people (petty corruption), [16] to corruption that affects the government on a large scale (grand corruption), and corruption that is so prevalent that it is part of the everyday structure of society, including corruption as one of the symptoms of organized crime (systemic corruption ...
Corruption in the law enforcement sphere, and especially in criminal proceedings, is an extremely dangerous phenomenon for the state and society, which leads to the commission of crimes, has a negative impact on judicial proceedings and the objectivity of judicial decisions.
A general distinction between preventive and reactive measures is sometimes drawn. In such framework, investigative authorities and their attempts to unveil corrupt practices would be considered reactive, while education on the negative impact of corruption, or firm-internal compliance programs are classified as the former.
Transparency International is the global civil society organization leading the fight against corruption. It brings people together in a powerful worldwide coalition to end the devastating impact of corruption on men, women and children around the world. TI's mission is to create change towards a world free of corruption. [28]
Corporatocracy [a] or corpocracy is an economic, political and judicial system controlled or influenced by business corporations or corporate interests. [ 1 ] The concept has been used in explanations of bank bailouts , excessive pay for CEOs , and the exploitation of national treasuries, people, and natural resources . [ 2 ]
Institutional corruption is differentiated from corruption by the institution's willingness to frustrate or slow the work of independent formal inquiries, [1] even after official reports and documentation recognise that such an inquiry is necessary. [2] Institutional corruption is not limited to national-scale institutions.