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Study On Corruption And Its Impact On Privatization

Author

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  • Alexandra-Ana IENOVAN

    (West University of Timisoara, Romania)

Abstract

This paper aims to realize a synthesis on defining corruption phenomenon, what causes it and also the impact it has on the economy. Based on the causes that generates corruption such as lack of social control and regulation, low credibility of state institutions, weak influence norms have on individuals, tolerance manifested in law enforcement, the involvement of civil servants in illicit activities, we notice an impact not positive exerted by corruption against the economy. To highlight this impact of corruption phenomenon in Romania we have considered relevant the privatization of The Company of Radio Parts and Semiconductors Baneasa Privatization which caused large damage to Romanian economy, both financially and socially.

Suggested Citation

  • Alexandra-Ana IENOVAN, 2017. "Study On Corruption And Its Impact On Privatization," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 2(1), pages 71-86.
    • Handle: RePEc:brc:brccej:v:2:y:2017:i:1:p:71-86
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    More about this item

    Keywords

    corruption; economic crime; privatization;
    All these keywords.

    JEL classification:

    • K14 - Law and Economics - - Basic Areas of Law - - - Criminal Law
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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