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In today’s developing nations, corruption has become an overwhelming predicament. There is no country that has not been hit in some form or fashion, in spite of its political system, development, or its social and economic culture. Enron is proof of this. Lately, more attention has been focused on world-wide corruption due to the immense increase in scandals. The United States and Europe share the spotlight as well as Africa, South America and China.
But what really defines corruption? It has been defined in Webster’s New World, 2003 as “those actions for which there is social consensus that they are a bad thing”, “impairment of integrity, virtue or moral principle” (Merriam-Webster Online Dictionary, 2005) and “dishonestly using your position or power to your own advantage, especially for money” (Cambridge Dictionary Online, 2005)...
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