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Economy Overview

  • Submitted by: raoabidali
  • on February 20, 2012
  • Category: History
  • Length: 462 words

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Below is a free excerpt of "Economy Overview" from Anti Essays, your source for free research papers, essays, and term paper examples.




Etymologically, Corruption derives from the Latin “Corruptus”, which means to spoil or destroy by putrid decomposition; induce to act dishonestly or unfaithfully; to make venal; to bribe; to pervert the text or sense of (a law etc.) by altering it for evil ends . Defined simply, corruption is the misuse of entrusted power for private benefit . Corruption is a multifaceted phenomenon supported by differing historical and socio-economic conditions in each country. Although in the past it could have been considered a largely domestic issue, corruption now transcends national boundaries. Its consequences are global; its hidden costs are immense .
In his historic speech delivered to the first Constituent Assembly of Pakistan on 11th August 1947, Quaid-e-Azam Muhammad Ali Jinnah, identified the first duty of his government as the maintenance of law and order and second priority to curb the menace of corruption in this country . Sadly, these priorities of our Quaid were never genuinely considered in the last 63 years.
Most of the elected political governments have been dismissed on charges of corruption but yet it still persists , rather flourishes.   Even military rulers despite their immense power capacities have been unable to arrest this dismal situation, whereas 67.31% population considerd them to be more corrupt as compared to democratic governments .   The National Corruption Perception Survey 2009 (NCPS 2009) indicates that the overall corruption in 2002 has increased from Rs 45 Billion to Rs 195 Billion in 2009 .   World Bank also presented similar statistics, whereby corruption is perceived to be 92% in Police, 89% Health and 91% in Land Departments .   Today, corruption originating from the top echelons has permeated all strata and classes right to common street vendors.   We have been failed miserably to control this menace almost in every domain including law and order, judicial,...

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MLA Citation

"Economy Overview". Anti Essays. 17 Dec. 2018


APA Citation

Economy Overview. Anti Essays. Retrieved December 17, 2018, from the World Wide Web: http://parimatch-stavka7.com/free-essays/Economy-Overview-169609.html

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