The impact of corruption on the economic activity of the country

2024

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DOI 10.52821/2789-4401-2024-1-102-117
Data confidence 70 medium
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Abstract

The purpose of the study: is to analyze the impact of corruption on the economic activity of the country, with special emphasis on two key aspects: social inequality and sustainable economic development. This study attempts to systematically examine how corrupt practices affect the distribution of economic resources and the capabilities of various social groups, as well as the ability of a country's economy to adapt to long-term challenges of sustainable development. The study is aimed at identifying the mechanisms through which corruption has a negative impact on economic processes, leading to deepening social gaps and undermining the foundations of sustainable development. Particular attention is paid to the analysis of how corruption schemes can distort market incentives and resource allocation, thereby creating obstacles to innovation and the effective use of human and financial capital Methodology: the use of quantitative and qualitative analysis, including analysis of statistical data, opinion polls and international reports. Originality / value of the research: offering a new perspective on the mechanisms of corruption's impact on economic efficiency, investment climate and resource allocatio Findings: identification of the negative impact of corruption on economic growth, the investment climate, and the strengthening of social inequality. Recommendations on effective fight against corruption have been proposed.