Corruption defined as an abuse of public power for private benefit. Corruption reduces overall economic growth and output due to inefficient allocation of public and private resources. let us see most corrupted countries around the globe.
Somalia ranks among the world’s most corrupt countries. Insecurity is also a major issue; the ongoing instability greatly restricts business. Corruption pervades many sectors of the country, in cluding security forces, and immigration services. Lack of resources and inability to pay public officials including security forces provide incentives for extortion and bribery. Security forces tend to sell their arms and equipment as substitute for their salaries. No country in the world can compare to Somalia in corruption.
South Sudan has been named in a Transparency International’s annual report as one of the world’s most corrupt nations. Leaders of the two sides responsible for mass killings and rapes in an ongoing conflict in South Sudan. South Sudan got independence from Sudan in 2011. South sudan is the most youngest country around the globe. President Salva Kiir and his rival and former vice president, Riek Machar, own multimillion-dollar properties, drive luxury cars and stay at expensive hotels.
North Korea is the most corrupt country in Asia. South Korea was ranked 37th least corrupt, a report by Transparency International showed. North Korea is the worst in the world for public official corruption, which includes bribery, backdoor payments and a lack of public accountability.
Corruption is a multidimensional problem. General factors leading to corruption within a country have to be differentiated from specific factors. The law provides criminal penalties for official corruption. Syria is well known for its corrupt business environment, ISIS is the most active terrorist group in the Syria.
It’s adjacent to Oman and Saudia Arabia and borders the Persian Gulf to the west. Corruption is rampant in Yemen, Fiscal and administrative corruption continues to strain the Yemeni economy. such as passive bribery and extortion are excluded. Bribery and gifts are widespread practices in Yemen.
Since got independence in 1956, Sudan has been racked by civil war. Sudan is considered to be one of the most corrupt countries in the world. the country also has some of Africa’s largest oil reserves, creating imbalances along economic and ethnic lines. Corruption in the judicial system is a high risk for investors, both in the form of petty corruption as well as in the form of political interference. Corruption is a high risk in the police force, most commonly in the form of petty bribery.
Corruption in Libya during Ghaddafi’s rule some important points of corruption are Absence of media and press freedom and lack of access to public information and records, absence of transparency in decision-making concerning the affairs of the State, absence of the rule of law.
corruption has been one of the biggest challenges in Afghanistan for the past several years. The biggest negative impact of widespread corruption in Afghanistan is the creation of an “ill social concept, The judiciary system in Afghanistan is believed to be among the most corrupt Afghan government entities. It is believed that the delivery of unjust judicial services resulting from corruption has lead to an increase in insurgency and increasing gap between the public and the government.
Political parties and public servants are considered corrupt, and petty corruption is highly institutionalized in Iraqi society. Saddam Hussein’s regime, Iraq has faced significant corruption challenges. The country continues to score among the worst countries on corruption and governance indicators.
The only country in America that is Venezuela included among the list of most corrupt governments. Venezuela has been characterized by the persistent presence of political and financial corruption in public administration. Venezuela also rich in natural resource like oil reserves.