• greek word: β€œCorruptus” (to bend)
  • WB: use of public offices for personal gains
  • 2nd ARC: Report on Ethics in Governance:
    • Corruption = Monopoly + Discretion + Secrecy - Accountability
  • systemic and systematic in nature
    • systemic: rel. to functioning of system (political, economic, administrative, social, cultural)
    • systematic: takes place in highly organized manner