answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

βˆ™ 10y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

βˆ™ 12y ago

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.

This answer is:
User Avatar

User Avatar

Wiki User

βˆ™ 12y ago

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

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the meaning of graft and corruption?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Cause and effect of graft and corruption in the philippines?

In general, nations that are poor are more prone to graft and corruption. Being a relatively poor country, the Philippines finds itself in a corrupt situation. Poverty breeds more graft and corruption.


How can graft and corruption in the government be eradicated?

In order to minimize graft and corruption, honest and trustworthy political officials must be elected. The are officials who will not stoop to or put up with any level of corruption.


Effects of graft and corruption in poverty?

i dont know the answer,can uou please answer his?


WHAT is the cause of graft and corruption?

There so many causes of graft and corruption but i only know few of them. Its maybe because of the leadership of the leader. it maybe because of us.


How can you stop graft and corruption as a student?

start it with yourself


Urban political machines were most often criticized for?

Corruption or graft


Is there much corruption in the phillipenes?

Philippines suffers from widespread corruption. Means of corruption include graft, bribery, embezzlement, backdoor deals, nepotism, and patronage.


What is a sentence using the word graft?

It is quite common for people in positions of political power to become rich through graft and corruption.


Introduction of graft and corruption in the Philippines?

The introduction of graft and corruption in the Philippines started by other government officials overlooking little incidents of graft and corruption. When officials saw their peers receiving no reprimand, they started doing bigger acts.


Reaction paper for graft and corruption?

Graft and corruption involve the misuse of power for personal gain, often at the expense of public welfare. Such practices undermine trust in government institutions, divert resources from essential services, and perpetuate inequality. Addressing these issues requires a multi-faceted approach including strong enforcement of anti-corruption laws, promoting transparency, and fostering a culture of accountability.


What is the illegal use of political influence for personal gain?

Kickback


Is graft and corruption singular or plural?

The noun corruption is the singular form; the plural form is corruptions.The noun graft used as the word for fraud is a non-count noun, there is no plural form.The noun graft used as the word for botany or biology, such as a plant variation resulting from a graft or a surgical procedure, the plural form is grafts; He required several skin grafts.