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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 ...
The type of corruption often occurring in constitutional states or state transitioning to a more democratic society is called grey corruption is considered reprehensible according to a society's moral norms, but the persons involved are still mostly lacking any sense of doing something wrong.
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.
One researcher contends that in the late 19th and early 20th centuries, corruption in the wealthy, industrialized United States in some ways resembled corruption in impoverished developing nations today. Political machines manipulated voters to place candidates in power loyal to the machines. Public offices were sold for money or political support.
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] Examples given for crony capitalism ...
Corruption in local government refers to the misuse of public office and resources by individuals in positions of power at the local level for personal gain or the benefit of select groups. It involves the abuse of entrusted authority, bribery, embezzlement, fraud, nepotism, and other forms of illicit activities that undermine the integrity and ...
Northern Rock had invested in the international markets for sub-prime mortgage debt, and as more and more people defaulted on their home loans in the US, the Rock's business collapsed. It triggered the first bank run in the UK since Overend, Gurney & Co in 1866, when it asked the UK government for assistance.
On Transparency International's 2023 Corruption Perceptions Index, Zambia scored 37 on a scale from 0 ("highly corrupt") to 100 ("very clean"). When ranked by score, Zambia ranked 98th among the 180 countries in the Index, where the country ranked first is perceived to have the most honest public sector. [ 1 ]