Abstract
When mentioned, corruption is often thought to take place just in areas of civil authority where the mandarins squeeze people and public property. This definitely breaks the laws and doesn’t obey social ethics. There is, however, another form of corruption existing in front of people’s eyes and obeying legally basic principles of the market economy, internationally financial rules such as WB, IMF, ADB, WTO, etc. and even the laws in all countries. That is financial cor-ruption of economic, financial and banking corporations. Financial corruption is the root of the economic crisis worldwide in 2008 although it is known by the world’s largest market economies and recognized by global financial organizations but they do not dare admit it. Financial corruption is one of the challenges of the global economic security in the 21st century and unless it is stoppable, its companion will be financial fraud. It is possible to stop and curb financial corruption by the 3 tools: the State’s intervention, market tool and public media.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Economics, Finance and Management Sciences
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
