What is the meaning of graft and corruption?

Answer 1

Corruption is a dishonest or fraudulent act conducted by someone who holds power. Graft is a form of corruption in politics. It is when a someone in politics accepts money or a donation in exchange for a favor.

Answer 2

There is a long history of graft and corruption within the government of the Philippines. This corruption reached its apex during the height of the Marcos regime. Corruption and thievery was so bad under the rule of Ferdinand Marcos that in the late 1980s, the Guinness Book of Records listed the Philippines as the all-time most corrupt government in the history of the world. The Marcos government was labeled a kleptocracy, literally meaning that it was a government ruled by thieves. A kleptocracy can be defined as a dishonest form of governmental corruption where the government exists solely to increase the personal wealth and power of its officials and the ruling class without regard for the wider population. From the years 1972 to 1983 the United States provided $2.5 billion in bilateral military and economic aid to the Marcos regime, and about $5.5 billion through multilateral institutions such as the World Bank. Marcos took a large percentage of the United States aid money for himself and his cronies. In 1986, 56 Filipino Assemblymen signed a resolution calling for the impeachment of President Marcos for alleged diversion of U.S. aid for personal use, citing a July 1985 San Jose Mercury News expose of the Marcoses' multi-million dollar investment and property holdings in the United States. The properties allegedly amassed by the Marcos family were the Crown Building, Lindenmere Estate, and a number of residential apartments (in New Jersey and New York), a shopping center in New York, mansions (in London, Rome and Honolulu), the Helen Knudsen Estate in Hawaii and condominiums in San Francisco, California. Bribery, embezzlement, vote buying and illegal gambling were rampant under Marcos rule in the Philippines. Marcos looted billions of dollars from the Filipino treasury, and the corruption reached its high-point with the assassination of Marcos' political opponent Benigno Aquino. Graft has subsided in recent years, and in 2007 the Philippines ranked last place in the 13 Asian economies that were studied.

Answer 3

Graft is the illegal gaining of funds, corruption is the improper use of funds.