Ethics and Corruption in Governments Around the World

According to an agreement signed with Swedish metal and military experts in New Delhi on March 24, 1986, the parties agreed that AB Bofors will provide 410 155 mm howitzers to the Indian army. This transaction is worth about 285 million dollars, which is equivalent to about 1,500 rupees. This scandal first appeared on 16th April 1987 when the Radio station in Sweden announced that AB Bofors paid kickbacks to a major Indian policy maker and a Department of Defense senior official to ensure a contract.

For decades, the United States has always regarded itself as a model of openness and an ethical government. In many ways, the country sets out stringent anticorruption and ethics, and shows an example by leading the world with law enforcement agencies. More importantly, the United States will spend tens of millions of dollars each year to clean up its own behavior, educate and train foreign staff through various Federal programs, and encourage anti-bribery and transparency measures Motivating other countries. But an interview with more than a dozen US and foreign experts shows that the country is losing confidence as a clean government and world leader in fighting corruption.

Corruption is one of the main causes of low income countries around the world. Government officials lacking economic democratization and corruption have shown designs that hold collective unions of these countries in the hands of several people. The middle class disappears almost and over 70% of the population lives below the poverty line. Misjudging state funds by corrupt government officials is a major problem in developing countries. Failure to comply with project contract best practices may result in capital projects being handled by groups transferring domestic funds for personal benefit. The use of cryptographic currencies, especially cryptographic currencies based on smart contract protocols will enable a more transparent contract system. Once the block chain record is released, citizens will be able to monitor the use of state funds.