CORRUPTION RISKS IN THE CONTEXT OF GLOBALIZATION

In this article the author makes an attempt to reveal the grave reasons for increasing corruption risks during globalization. According to the author's hypothesis, corruption is something that is much more complicated than just a bureaucrat's abuse, and the scale of its spread hinges upon the wider social, political and administrative context. Having analyzed the ongoing processes from this standpoint, N. Pankevich elucidates that globalization results in the state structures subordination to the ethics of market relations with the world politico-economical system no longer being the market of competing corporations and turning into the market of competing bureaucracies that are contesting for the attraction of investments. The mergence of the state management and market mechanisms leads to the emergence of a special system within which business and power exchange their resources without public control. The author concludes that the main prerequisite for reaching security against corruption is a clear institutional separation of market and state.