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- Corruption has a negative impact on individuals in several ways1234:
- It causes economic losses to individuals and companies.
- It damages democratic processes.
- It creates greater social inequalities.
- It harms the poor and vulnerable the most, increasing costs and reducing access to basic services, such as health, education, social programs, and even justice.
- It exacerbates inequality and reduces private sector investment to the detriment of markets, job opportunities, and economies.
- It can interrupt investment, restrict trade, reduce economic growth and distort the facts and figures associated with government expenditure.
- It can lead to jail time and heavy fines for individuals who engage in corrupt activities.
- It can drive up costs and lead to sub-standard or harmful products in the procurement of drugs and medical equipment.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.It causes economic losses to individuals and companies, damages democratic processes, and creates greater social inequalities.www.thentf.org/article/how-does-corruption-affects …Corruption harms the poor and vulnerable the most, increasing costs and reducing access to basic services, such as health, education, social programs, and even justice. It exacerbates inequality and reduces private sector investment to the detriment of markets, job opportunities, and economies.www.worldbank.org/en/news/opinion/2023/06/13/c…Countless studies around the world show how corruption can interrupt investment, restrict trade, reduce economic growth and distort the facts and figures associated with government expenditure. But the most alarming studies are the ones directly linking corruption in certain countries to increasing levels of poverty and income inequality.www.corruptionwatch.org.za/learn-about-corruption…Corruption has a disproportionate impact on the poor and most vulnerable, increasing costs and reducing access to services, including health, education and justice. Corruption in the procurement of drugs and medical equipment drives up costs and can lead to sub-standard or harmful products.www.worldbank.org/en/topic/governance/brief/com… 15 Effects of Corruption on People, Society & Economy
Mar 26, 2024 · So if corruption is minimized, these countries will have fewer trade deficits in terms of exports and imports with other countries, and their …
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Impact of corruption on specific human rights
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