AGENDA: CORRUPTION IN DEVELOPING COUNTRIES. POOR DEVELOPMENT IS OUTPUT OF CORRUPTION. THE DEVELOPED COUNTRIES HAVE ONE THING IN TRITE, WHICH IS LESS OR, NO CORRUPTION. BUT THAT DOES NOT MEAN THAT THE DEVELOPED NATIONS ARE TOTTALY UNINVOLVED IN BRIBERY OR CORRUPTION. MANY OF THE MOST CORRUPT OFFICERS BELONG TO THE MOST DEVELOPED COUNTRIES. THE DIRTY POLITICS HAS CAUSED MANY OF THE LEADERS WHO WISHED TO SERVE THE COUNTRY RIGHT, TO TAKE A STEP BACK. YEAR AFTER YEAR CORRUPTION HAS TAKEN DIFFERENT FORMS. IT IS LIKE CANCER IN PUBLIC LIFE, WHICH HAS NOT BECOME SO RAMPANT AND PERPETUATED OVERNIGHT, BUT IN COURSE OF TIME. THE MAIN REASON OF CORRUPTION WORLDWIDE IS GREED. IT HAS CAUSED NOTHING BUT THE AUGMENTATION OF THE HIATUS BETWEEN THE RICH AND THE POOR. CULMINATING CORRUPTION NEEDS THE EFFORT OF ALL. IT IS STARTED BY ALL SO IT WILL BE ELIMINATED BY ALL. CORRUPTION JUST HOLLOWS THE TRUST OF THE PEOPLE TO THE GOVERNMENT. LIBYA RANKED 160 th OUT OF TOTAL 170 COUNTRIES IN 2010 BY TRANSPARENCY INTERNATIONAL ON THE LIST OF THE MOST CORRUPT COUNTRIES. LIBYA CLEARLY FACES A TOUGH CHALLENGE FROM CORRUPTION. THOUGH, LIBYA HAS MADE AN EXCELLENT PROGRESS IN OVERALL DEVELOPMENT. IN 2009, LIBYA HAD THE HIGHEST HDI IN AFRICA. IT ALSO HAD THE 5 th HIGHEST GDP PER CAPITA IN AFRICA. THE SYSTEMATIC CORRUPTION IS NOT LIMITED IN FEW INSTITUTIONS BUT HAS STEPPED INTO THE DAILY LIVES OF PEOPLE. THE COUNTRY HAS NOT ONLY ADOPTED MANY OF THE ANTI CORRUPTION POLICIES BUT ALSO HAS IMPLIMENTED THEM. BECAUSE LIBYA WAS UNDER THE RULE OF QADDAFI FOR 42 YEARS PEOPLE HAD VERY LOW INCOME IN THAT PERIOD. SO FOR THE OTHER WAYS TO MAKE ENDS MEET WITH A PASSAGE OF TIME GREED INCREASED AND SO DID CORRUPTION. BUT FACING SUCH DIFFICULTIES LIBYA STILL MANAGES TO BE THE 5 th LARGEST OIL PRODUCING COUNTRY. THE OIL SECTOR HAS GIVEN RISE TO EMPLOYEMENT AND THUS SOMEHOW REDUCING POVERTY AND CORRUPTION. CORRUPTION HAS EFFECTED THE CONSTRUCTION, INVESTMENT, PUBLIC AND ALSO THE HEALTH SECTOR IN THE COUNTRY. MANY OF THE LAWS AND BUDGETS HAVE BEEN PASSED TO CONTROL THE CORRUPTION IN LIBYA. THE MAIN REASON OF CORRUPTION IN LIBYA IS POVERTY. THE FIRST STEP THE REGIME SHOULD CONSIDER IS DECREASING THE UNEMPLOYMENT. UN EMPLOYEMENT AND POVERTY ARE THE REASONS, PEOPLE ARE SEEKING OTHER WAYS TO MAKE MONEY, THUS INCREASING GREED AND THEREBY CORRUPTION.ONE OF THE MOST IMPORTANT REASONS OF CORRUPTION MAYBE THE FRAGILE, FLEXIBLE AND TEMPORARY CONSTITUTION OF THE COUNTRY. EARLIER, CORRUPTION WAS ONLY LIMITED TO THOSE WHO WERE IN ILLEGAL ACTIVITIES BUT NOW EVEN IF A LEGAL PROCESS HAS TO BE DONE, A SUM IS ASKED FOR IT. SOME OFFICERS DELIBERATELY HOLD A PROCESS JUST TO MAKE MONEY EVEN IF THE PROCESS CAN BE DONE EASILY. NO PROVISION OF ANY LAW RESISTING CORRUPTION IS MENTIONED IN THE CONSTITUTION. IT IS NOT ONLY IMPORTANT TO MAKE A LAW BASED ON AVOIDING CORRUPTION BUT ALSO IT SHOULD BE VERY WELL IMPLEMENTED AND FOLLOWED. SUBMITTED BY: AAKANSHA BHATNAGAR X-C
Republic Act No. 9160, As Amended (Anti-Money Laundering Act of 2001 (AMLA) ) : Strong Anti-Money Laundering Regime A Deterrent To Corruption in The Public Sector.