Corruption as Social Phenomenon and Determinant of Global Business

Journal Title: Globalization and Business - Year 2016, Vol 1, Issue 1

Abstract

In modern globalized world, study of the problem of corruption in different cultures becomes more urgent and actual. The present problem has an active influence on socio-economic stability of world countries. Corruption in broad understanding is non-targeted use of the state power is illegitimate and, as a rule, is used for secret, personal well-being. Practice of illegal financing, which is legitimate in one country, can be illegitimate in another. That’s why apprehension of corruption is different according to the countries. To draw a line of distinction between the justice and corruption is quite difficult, because in separate countries the policy of support to the groups of interests and the practice of lobbying is acceptable, but in other countries it is con- sidered to be corruption. The present work discusses the problem of corruption apprehension in Georgia and its influence on business.

Authors and Affiliations

Teimuraz Shengelia

Keywords

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  • EP ID EP567785
  • DOI -
  • Views 114
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How To Cite

Teimuraz Shengelia (2016). Corruption as Social Phenomenon and Determinant of Global Business. Globalization and Business, 1(1), 85-90. https://europub.co.uk/articles/-A-567785