CORRUPTION AS A FORM OF SOCIAL DEGRADATION

Abstract

The article states the existence of the correlation between corruption and inefficient state management. Large-scale corruption among senior officials in executive, judicial and legislative branches of the government can have a devastating effect on democracy, the rule of law and socio-economic development. Corruption contributes to the spread of organized crime and terrorism, undermines public trust in government and destabilizes economy. Corruption among state officials may hinder foreign investments, restrain economic growth and sustainable development and undermine the foundations of the legal and judicial systems. Corruption directly and most seriously affects the poor.