Government corruption reduces economic growth around the globe,most commonly through widespread cash payments or gifts to receive a government service.

Question

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Numerous studies and research have shown that corruption in government tends to reduce economic growth and development in various ways. One of the most common forms of corruption is bribery - the giving or receiving of cash, gifts, or other incentives in exchange for favorable treatment or services. This undermines the fairness and efficiency of markets, reduces investment opportunities, dampens innovation and productivity, fosters inequality, and erodes public trust and confidence in institutions. As a result, corruption tends to deter domestic and foreign investment, undermine competitiveness, distort public policies, and impede economic progress and human development.

Government Corruption Reduces Economic Growth Around the Globe,most Commonly Through