BUS 300 – BUSINESS ETHICS AND SUSTAINABILITY INDIVIDUAL ASSIGNMENT QUESTION Corruption is one of the common unethical behaviours in countries across the world. Describe the different forms of...

BUS300 - BUSINESS ETHICS AND SUSTAINABILITY INDIVIDUAL ASSIGNMENT
DIFFERENT FORMS OF CORRUPTION IN NEPAL
Table of Contents
Introduction    3
Different Forms of Corruption in Nepal    3
Possible Strategies to Minimize Corruption    5
Conclusion    6
References    8
Introduction
In order to define corruption, it must first be understood that there are different forms of corruption. In the simplest terms, corruption can be referred to as fraudulent or dishonest behavior conducted by individuals having authority and power. Corruption can be an inducement to wrong through unlawful or improper means including bribery or fabrication of truth from its pure form (Ghimire, 2018). Pervasive corruption can be a major threat to the economic and sustainable prosperity of a nation. The natural laws of politics, as well as, economic operations are undertaken by a country are prevented by corruption, which causes massive suffering to the overall society. In this essay, the various forms of corruption within Nepal have been explained and analyzed. Furthermore, this essay also describes possible strategies that may be implemented by the governing figures of the nation in order to mitigate corruption.
Different Forms of Corruption in Nepal
As reported by Transparency International in a Corruption Perceptions Index instituted in 2019, out of a total of 175 nations, Nepal is the 124th least corrupt country (Trading Economics.com, 2019). The average Corruption Rank in Nepal ranged at 127.4 from 2004 to 2018. It may be said that since democracy has been restored in the nation, a considerable amount of institutional development has been experienced by the political sphere of Nepal. Quite a few political parties have emerged in contemporary times. Nevertheless, the major political affairs within the nation are still being governed and controlled by the few people who have influence and control (Ghimire, 2018).
These people use their authority to manipulate the development of mainstream politics and economy of Nepal. Both formal and informal networks are maintained by the power-greedy authorities within their groups. In the context of social interactions and lives within the society, such malpractices are profoundly embedded, which is the main context, in which corruption happens (Ghimire, 2017). The most significant forms of corruption that are affecting the economic, as well as, political sustainability and prosperity of the country have been explained below:
Bribery:
Bribery is the practices of payment that is either taken or given in a relationship that is corrupt. Bribery typically refers to paying money to one another in exchange for a favor. However, there are many forms, in which bribery can occur. For instance, one can offer gifts or cash to another as an inducement in terms of procuring dishonest or illegal conduct that would be in the giver's favor. Bribery can also happen in the form of misappropriation, patronage, nepotism, as well as, favoritism. The use of bribes is a much common practice, which is often adopted by Nepali bureaucrats. In this context, it may be said that the practices of giving or receiving bribes is so embedded in Nepali culture that the bureaucrats feel culturally obligated to adopt this practice (Baniamin & Jamil, 2018).
In most of the cases, individuals that have political affiliation tend to use that in order to get things done rather than achieving something with their own abilities. At the same time, individuals that recipients receive the favors from desire obtaining undue benefits...