CORRUPTION - A DISTURBING FACTOR IN THE DEVELOPMENT AND ADMINISTRATION OF BUSINESS THROUGH PRISM OF ENERGY SOURCES

Alin Sergiu Nitu and Marcel Constantin
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Alin Sergiu Nitu: Valahia University of Targoviste, Contabilitate
Marcel Constantin: Valahia University of Targoviste, Contabilitate

Social-Economic Debates, 2021, vol. 10, issue 1, 43-49

Abstract: In most countries, there is a great need for public administration reform in order to reduce the incidence of unproductive public spending that does not support sustainable economic growth. An efficient public administration must expect all workers to do full-time work and must pay them a reasonable salary. There are too many public institutions that reinforce the observation attributed to Pareto: in public institutions 20% of the workforce performs 80% of useful work. Government employment policies in recent decades, often justified by income distribution reasons, have produced large civil services with too many low-paid workers. The efficient and basic role of the public sector can be promoted by a small and well-paid public service, which is fully aware of its responsibilities and is penalized when it does not fulfill its function.

Keywords: corruption; sustainable development; balance; economy; energy; future (search for similar items in EconPapers)
JEL-codes: E63 H73 (search for similar items in EconPapers)
Date: 2021
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