Higher pay is the only way to reduce corruption. Discuss Essay

Higher pay is the only way to reduce corruption. Discuss - Essay showcaseOn the other hand, Philip (2006, p. 45) describes corruption as having to involve high public office, substantial and systematic expropriation of benefits, and operative damage to the public interest. Corruption as having to involve high public office is considered as the more or less important of these three conditions and the other two ar complementary to it. Lee (2006, p. 221) states that corruption is a withering crime which not only undermines quality of life but also causes injustice and inflates business costs. The earnestness of this crime leads nations to improve governance by redefining the role of government, overhauling the system of incentives, and strengthening domestic institutions in site to ensure checks and balances (Rahman, et al., 2000, p. 17).Corruption is often called black/grey market or underground economy whose rules are almost similar to those of legal markets (Stachowicz-Stanusch , 2010). It is considered a risky activity because of the presence of policing in society (Chakrabarti and Subramanian, 2003).The political economy of corruption operates in such a way as serving as a marrow to satisfy certain planned and desired human ends. According to Klitgaard, et al. (2000), corruption is a crime of economical calculation in that the tendency for a public official to engage in it is when there is a slim probability of being caught alongside a mild penalty with large pay-off relative to the supreme incentives. Since corruption is committed within the political machinery of the state, it is not only considered an economic issue but a political issue as well (Stachowicz-Stanusch, 2010, p. 122). The economic and political aspects of corruption are certainly the foot for advocating some solutions to this problem on an economic block of view (i.e., increasing pay and rewards) and political point of view (i.e. providing political and legal basis for