Anti-Corruption and Transparency, The cost of corruption
3 months ago
10
Imagine a world devoid of transparency, where the forces that govern our lives operate behind a thick veil of opacity. What would that world look like? Welcome to the complex and often insidious world of corruption, a phenomenon that pervades societies and economies, seeping into the very fabric of our lives. Consider the case of the construction of the 2014 Sochi Winter Olympics in Russia, the most expensive Olympics in history. It cost a staggering fifty-one billion dollars, surpassing the cost of all previous winter games combined. An investigation revealed that up to half of this astronomical sum was lost to corruption, leading to substandard facilities and infrastructure.
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