Aspects of Corruption

Aspects of Corruption
There are many terms that are used in
discussing corruption. Bribery, fraud,
embezzlement, nepotism, and favoritism are
some commonly used terms. Bribery, an
offering of something of value for some action
in return, is one example of corruption. Other
terms associated with corruption include fraud
(using a trusted position to deceive for profit),
embezzlement (the theft of government
resources by those in authority), and
nepotism (favoritism shown to friends of
relatives by those in power). While corruption
can include all of these terms, it is not just
financial gain; there can also be political and
legal gains that often include exclusive access
to decisionmakers and political and legal
authorities. Favoritism is practiced widely, but
when there is no exchange of money, it is not
legally considered bribery. A favor is simply
expected in return at some later stage. It may
be a favor granted in return for political
support or an appointment to a position. Such
preferential treatments given to friends,
relatives, or business partners are very
common in some cultures, but some argue
that such practices undermine the concept of
fair play.