International Anti-Corruption Day

“The duty of youth is to challenge corruption”. -Kurt Cobain

Written by Maricarmen Robles

Corruption is rooted in all areas of society. In a complex social, political and economic phenomenon that hits all countries around the world, also undermines democratic institutions, slows economic development and contributes to governmental instability (United Nations, 2020).

It is estimated that corruption costs the world economy 5% of GDP (Gross Domestic Product) a year, that represents 3.6 trillion dollars (World Economic Forum, n.d). The loss of these funds represents money that will not be invested in the public health system, public education, creation of jobs, gender equality initiatives or the protection of the environment. Also, corruption has a negative indirect impact on the economic performance of a country affecting many factors such as investment, taxation, level, composition and effectiveness of public expenditure (Transparency International, 2014).

One way to compute corruption is with the Corruption Perceptions Index (CPI), an initiative launched in 1995 by Transparency International to provide information about how corruption affects different countries. It started with the evaluation of 41 countries in 1995 and the number of countries increased to 180 by 2020. The countries on the top are Denmark, New Zealand, Finland, Singapore, Sweden and Switzerland in 2020, and evaluating and understanding their public policies and performance of their public servers and politicians can help to improve the performance of the countries that have a long way to go in anti-corruption (Transparency International, 2020). But, the only real change will happen when people understand that challenging corruption is the role of everybody.

Since 2005, the 9th December has been the International Anti-Corruption Day, an initiative to raise awareness about corruption and the importance of challenging it. This year the slogan for the date is: “Your right, your role: Say no to Corruption”, which means that corruption could only be stopped if everybody assumes the role of challenging it.

References:
Transparency International (2020). Corruption perceptions index 2020. Retrieved on December 8, 2021, from https://www.transparency.org/en/cpi/2020/index

Transparency International (2014). The impact of corruption on growth and inequality. Retrieved on December 8, 2021, from https://www.transparency.org/files/content/corruptionqas/Impact_of_corruption_on_growth_and_inequality_2014.pdf

United Nations (2020). International Anti-Corruption Day. Retrieved on December 8, 2021, from https://www.un.org/en/observances/anti-corruption-day/background

World Economic Forum (n.d.). Transparency and anti-corruption. Retrieved on December 8, 2021, from https://www.weforum.org/communities/gfc-on-transparency-and-anti-corruption.

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