Abstract
Corruption implies the abuse of power in the aim of gaining personal or someone else's benefit. Research have shown that countries with a higher level of corruption have a slower economic development, more extreme poverty and inequality, inadequate use of resources, lower investments and higher political instability. Corruption's got an impact on business uncertainty, weak economic development and, in addition, it threatens social beliefs and public's trust in the system. Serbia has made efforts to reduce corruption to the lowest possible level, however, these efforts haven't made good results yet, and hence we can say this is one of the burning issues for the domestic economy.
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