Answer:
Corruption is among the greatest obstacles to economic and social development. The harmful effects of corruption are especially severe on the poor, who are hardest hit by economic decline, most reliant on the provision of public services, and least capable of paying the extra costs associated with bribery, fraud, and the misappropriation of economic privileges. Corruption also represents a significant additional cost of doing business in many developing countries. It undermines development by distorting the rule of law and weakening the institutional foundation upon which economic growth depends.
Corruption damages policies and programs that aim to reduce poverty, so attacking corruption is critical to the achievement of IFC's overarching mission of poverty reduction. Countering corruption is therefore aligned with IFC’s overarching mission to promote sustainable private sector investment in developing countries, to help reduce poverty and improve people's lives.
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Answer:
The first two-party system consisted of the Federalist Party, which supported the ratification of the Constitution, and the Democratic-Republican Party or the Anti-Administration party (Anti-Federalists), which opposed the powerful central government that the Constitution established when it took effect in 1789.
Answer:
The idea that societies and nations have unique levels of development on an international basis is a wide notion of international or global development.
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