The Management of the Corruption Phenomenon and its Approaches

Ghibanu Ionuț Adrian (), Ștefan Maria Cristina, Andreiana Violeta Andreea and Stoica Georgiana
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Ghibanu Ionuț Adrian: “Valahia” University of Targoviste, Romania
Ștefan Maria Cristina: “Valahia” University of Targoviste, Romania
Andreiana Violeta Andreea: “Valahia” University of Targoviste, Romania
Stoica Georgiana: “Valahia” University of Targoviste, Romania

Valahian Journal of Economic Studies, 2022, vol. 13, issue 2, 67-76

Abstract: Corruption is one of the plagues of the modern world that is characteristic especially of the economic, administrative, and political areas. The history of civilization shows us that this phenomenon has existed in the world since the beginning. Still, depending on the era and the measures taken against it, it was more or less developed. From an economic perspective, it is considered to be particularly harmful because it constitutes an obstacle to the healthy, prosperous, and fair development of a nation. In our era, the phenomenon of globalization has acquired very strong valences, unfortunately, and corruption has acquired an impressive development, ripping the fruits of global deepening, especially now that we are also talking about corruption manifested across borders when it affects or is promoted by multinational companies. Of course, the phenomenon of corruption cannot be completely eradicated and there is no country in the world that can boast of such a performance, but firm measures are needed to limit and stop it. Romania has been dealing with this phenomenon for a long time, and the legislative measures, the political will and the pressures of the European institutions should aim, in the medium term, to reduce it. The present article evokes the terminological aspects of the phenomenon of corruption, analyzing its causes and possible solutions, but also a perspective of mathematical modeling of its progression. The study’s novelty is given by the deepening of the corruption phenomenon in light of the opportunities offered by the new paradigm of the globalization phenomenon.

Keywords: corruption; business; economics; globalization; management; economy (search for similar items in EconPapers)
JEL-codes: M21 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:vaecst:v:13:y:2022:i:2:p:67-76:n:2

DOI: 10.2478/vjes-2022-0016

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