CORRUPTION AND SOCIO-ECONOMIC DEVELOPMENT

This paper shows the theoretical framework and the review of empirical evidence of the effect that corruption has on the socio-economic development. The main goals of this paper are: to present the possible origins of corruption, and to analyze the existing models to eliminate or at least to reduce corruption in the society. In the paper, it is argued that anticorruption models should also include the strategy for the development of the institutional infrastructure that will change the perception of the members of the society about corruption as an unacceptable model of behavior.