Corruption and its effects on national economy : a comparative analysis on Finland and Nigeria
Adiat, Oluwadamilola Ifeoluwa (2024)
2024
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2024053018305
https://urn.fi/URN:NBN:fi:amk-2024053018305
Tiivistelmä
When it comes to studies and research, corruption is one of the trending issues that pertains to the economic development and growth. The drive for many nations to revive and sustain their economies in order to be able to meet up with their counterparts in the rest of the world in terms of economy has grown over the years, as crisis after crisis have broken out due to one or more corrupt practices in various spheres of a nation’s economic sector. This has shown to have caused and continues to cause trouble in the economic sectors of a nation, thereby inhibiting national growth and development.
This thesis made a comparative analysis of corruption in the Finnish and Nigerian economic sector. This is with the aim of having substantial ground to take actionable decisions in both countries regarding the ways to completely eradicate corruption. Research has shown that corruption remains an impediment to the economic growth of most countries, as it affects both the growth and development of a nation. Moreover, while corruption may be beneficial to a number of people, giving them temporary relief or enjoyment, it also poses very high-risk danger to a great number of individuals and to the society at large.
The examination of corruption from an economic perspective with respect to its somewhat high cost was the rationale behind this study. Therefore, to get a clear picture of how corruption is being practised in these countries, relevant literature was used. Also, the Social Learning Theory was adapted.
Conclusion drawn from this study indicated that to fight corruption, there is a dire need to continuously strengthen the corruption-related knowledge base, which will in due course help to predict and make actionable decisions about reasonable economic plans that are devoid of corruption in any form.
Additionally, this study analysed how corruption is perceived and dealt with in the Finnish and Nigerian economic sectors, what is obtainable in these countries, and how they have been able to manage and possibly survive corruption over time. The comparisons indicated that there is no country totally free of corruption, but only vary in degree.
This thesis made a comparative analysis of corruption in the Finnish and Nigerian economic sector. This is with the aim of having substantial ground to take actionable decisions in both countries regarding the ways to completely eradicate corruption. Research has shown that corruption remains an impediment to the economic growth of most countries, as it affects both the growth and development of a nation. Moreover, while corruption may be beneficial to a number of people, giving them temporary relief or enjoyment, it also poses very high-risk danger to a great number of individuals and to the society at large.
The examination of corruption from an economic perspective with respect to its somewhat high cost was the rationale behind this study. Therefore, to get a clear picture of how corruption is being practised in these countries, relevant literature was used. Also, the Social Learning Theory was adapted.
Conclusion drawn from this study indicated that to fight corruption, there is a dire need to continuously strengthen the corruption-related knowledge base, which will in due course help to predict and make actionable decisions about reasonable economic plans that are devoid of corruption in any form.
Additionally, this study analysed how corruption is perceived and dealt with in the Finnish and Nigerian economic sectors, what is obtainable in these countries, and how they have been able to manage and possibly survive corruption over time. The comparisons indicated that there is no country totally free of corruption, but only vary in degree.