Socio-economic Dimensions, Causes and Curbing Measures of Corruption in Developing Economies with A Special Reference to Jordan
DOI:
https://doi.org/10.18533/ijbsr.v3i10.335Keywords:
Corruption Phenomenon, Dimensions of Corruption, Implications of Corruption, Curbing Measures of CorruptionAbstract
The research problem is that very little is known about the socio-economic dimensions, causes, and anti-curbing measures of corruption in developing economies particularly Jordan. The study aims at discussing the features of corruption in developing economies including Jordan. The study concludes that Jordan comes at a high level of corruption worldwide with a rank 59 among 180 countries at Corruption Perception Index (CPI) which ranges between zero (most corrupted) and 100 (least corrupted), but among Arab countries, Jordan comes at rank 4 preceded by Qatar, Arab Emirates and Bahrain . Lack of legal, public and economic reform besides political instability, lack of transparency, monopoly, high taxes, long procedures and barrier to trade often go hand in hand with corruption besides the bribes provided by some companies in developed countries. Corruption is there in the private and public sectors. National anti-corruption agencies often fail to curb corruption due to lack of the power to persecute and lack of proper training of staff to be good investigators. Corruption breeds poverty, high prices and lack of foreign investment. Addressing corruption requires paying attention to its causes, role of incentives and institutional reform. Curbing corruption begins with designing better legal and administrative systems, reducing monopolies, inflicting severe penalties for both givers and takers of bribes, besides a free press and transparent privatization of public enterpriseReferences
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