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Tracking Bribery and Corruption white to blue colour gradiant
  

What effect does bribery and corruption have on business transactions?

Overall, corruption reduces efficiency and increases inequality. Estimates show that the cost of corruption equals more than 5% of global GDP (US$ 2.6 trillion, World Economic Forum) with over US$ 1 trillion paid in bribes each year (World Bank).  Engaging in corrupt practices also creates a very unfavourable business environment by encouraging unfair advantage and anti-competitive practices.  As well as allowing organised crime to flourish, corruption is one of the primary obstacles to the economic development of a country; it undermines the rule of law, weakens trust in public institutions and challenges democratic principles.

What other actions are in place to tackle bribery and corruption?
What effect does bribery and corruption have on business transactions?
What should I do if I am suspicious of corrupt practices?
What is Bribery and Corruption?
What is the legal position in Ireland?
What should companies do to minimise the risk of corruption?
What are Ireland’s international obligations in the fight against corruption?