Abstract

The problem of the increase of corruption is alarming in Liberia. Corruption has no small way contributed to increasingly levels of poverty and socio-economic inactivity in the country. This study aims to explore the causes of corruption and its effects on economic development in the country. The research contends that the causes of corruption are multi-dimensional fluctuating from poor leadership ability, lack of ethical standards, weak institutions, greed for wealth and position, greed for power, among others. The study pursues to discuss the efficiency of combating corruption by utilizing the ethical values of the societies such as; integrity, fairness, patriotism, and justice for all. Participants of this study were 250 from local organizations/intellectual forums with massive experience and understanding on the topic who purposely volunteered to get involved in questionnaires data collection, and out of them 15 were selected for interviews. The finding shows an inextricable issue of corruption with all relevant stakeholders playing their roles in order to achieve new Liberia. Stakeholders including government, family, religious bodies, international communities such as; African Union and Ecowas, and banks among others. The study recommend that corruption should be made a high risk and low benefit in order to discourage the act and free the collective resources for national transformation and development.

Full Text
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