The Enormous Impact of Corruption

There is no justifiable explanation for corruption from the least to the greatest amount and in any capacity. Once corruption is entrenched in the society, it becomes very hard to eliminate sort of like a trap and you are hooked. There are many countries that have been trapped by corruption with no clear end in sight. Corruption is so rampant and well-established that receipts are issued for bribes with no guilt. The enormous impact of corruption is felt especially by the ones who don't have enough money for their daily needs.

The most dreaded impact of corruption is the loss of investors to a country. If a country is blacklisted for being corrupt, the number of investors drastically reduces and the ones who invest must be willing to part with a sum of money that the authorities will appreciate. If for instance, an investor pays for licenses officially and unofficially by corruption, then he will be offended by the way business is done contrary to their strict formal norm. this will keep him from wanting to invest again in that country.

It is the poor who suffer the consequences of their corrupt leaders. If an investor bribes his way into a market, then he will increase the cost of goods and services to recoup the money he lost to corruption. Leaders who get good salaries are the ones who benefit from corruption funds and don't share their earnings with the poor.

Another huge impact of corruption is the increase in cost of gods and services. If imported goods are paid for in terms of import duty and taxes then bribery is used to get the car from the port, its value will have increased by the amount paid as a bribe. Some public service vehicles are forced to pay bribes so as to avoid being impounded by the police. It is the passengers who pay for this and an increase of traveling fare is eminent. In some places, receipts are issued in broad daylight without fear. Corruption is so rampant that the government does not dare to fight it because the leaders benefit from it in terms of campaign money, expensive cars and lavish houses; the poor don't get a piece of the cake.