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Corruption also leads to economic issues and effects. Corruption effects the economy when there is rent extraction occurring. Rent seeking is when an individual, organization, or firm seeks to make money by manipulating the economic environment rather than by making a profit through trade and production of prosperity...
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Corruption can also be a problem because often it can be linked to terrorism.
What Is Corruption?
Forms of corruption vary, but include bribery, extortion, cronyism, nepotism, patronage, graft, and embezzlement. For one bribery is when someone offers a favor or some kind of repayment in turn for something else, which can also be extortion...
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