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orruption is essentially termed as an "impairment of integrity, virtue or moral principle; depravity, decay, and/or an inducement to wrong by improper or unlawful means, a departure from the original or from what is pure or correct, and/or an agency or influence that corrupts."[1]

Corruption, when applied as a technical term, is a general concept describing any organized, interdependent system in which part of the system is either not performing duties it was originally intended to, or performing them in an improper way, to the detriment of the system's original purpose.

Its terminological usage possesses connotations of evil, malignance, sickness, and loss of innocence or purity.

Ethics and Corruption

Mike W. Peng describes corruption as the abuse of public power for private benefits, usually in the form of bribery. Also, corruption distorts the basics of competitions by misallocating resources and slowing economic development. Furthermore, according to Transparency International, which is headquarted in Berlin, Germany, and is probably the most influential anticorruption nongovernment organization (NGO), there is a high correlation between corruption and low economic development (Peng, 2008, pp.70).
Contents
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* 1 Classifications
* 2 See also
* 3 References
* 4 External links

[edit] Classifications

Specific types of corruption include:

* Political corruption, as the dysfunction of a political system or institution in which government officials, political officials or employees seek illegitimate personal gain through actions such as bribery, extortion, cronyism, nepotism, patronage, graft, and embezzlement. Political corruption is a specific form of rent seeking, where access to politics is organized with limited transparency, limited competition and directed towards promoting narrow...