Bribery is the crime of giving gifts or money in order to alter the behaviour of the recipient in one’s favour. Bribery constitutes soliciting of any other valuable item to influence the actions of a person in a position of authority from doing their legal or public duty. The gift bestowed to influence the recipient’s conduct is in actualisation the bribe. In bureaucracy, bribery is a reason for the high cost of production of services and goods. International bribery inhibits development of the economy, undermines market efficiency and predictability, and causes destruction of incentives to compete on Continue reading...
