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Article
Publication date: 1 February 1998

Olukonyinsola Ajayi and Simisola Ososami

The impact of corruption is multifaceted. It rends the moral fabric of developing societies, slows down administrative processes, makes implementation of government policies…

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Abstract

The impact of corruption is multifaceted. It rends the moral fabric of developing societies, slows down administrative processes, makes implementation of government policies ineffective and is detrimental to the economic interest of these countries. Uniformly, developing countries set goals with a view to attaining growth and modernisation of their economics. Unfortunately, corruption makes these goals illusory, resulting in underdevelopment.

Details

Journal of Money Laundering Control, vol. 1 no. 4
Type: Research Article
ISSN: 1368-5201

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