Unraveling Corruption: Current Cases, Global Implications, and Potential Solutions

Abstract

Corruption is a widespread issue that impacts individuals, businesses, and societies on various levels. This research paper seeks to delve into the nature of corruption and how it influences economic progress, political stability, and societal welfare. Through the methodology of case study and literature review of academic resources from journals, books, and online reports, this paper utilizes a search strategy including keywords like "corruption " "implications " "economic impact," "societal effects " and "South Africa." Additionally, it investigates the effects of corruption on development, social trust, inequality, and institutional integrity. By analyzing existing research materials this paper aims to enhance our understanding of the multifaceted aspects of corruption and its broad implications, in hopes of identifying potential solutions. As a result, it is concluded that corruption in the status quo perpetuates due to both historical trends and modern socio-economic conditions, resulting in intertwined negative impacts that affect individuals and societies simultaneously. It is also found that multifaceted solutions that combine groundwork policies with innovative strategies including ecommerce support for impoverished citizens, in order to become self-sufficient and more resilient to diminishing welfare resources caused by corruption.