Controversies of corruption

Abstract

Corruption is widely conceived as producing negative effects for the society. However, there are still many controversial issues surrounding this phenomenon which may be seen critically. Some consider them the “positive” aspect of corruption. What can constitute corruption in public sector cannot be seen as such in the private sector. Research shows that corruption may not be as harmful for the society in certain stages of development. And yet financial instrument thought to stimulate the economy of a developing country may have adverse effect. Foreign aid has proved a vivid example. This research aims to broaden the prospect of a critical analysis of the role of corruption in society. To do that, this research will see corruption in the context of three sectors, the economy, public investments and foreign aid.