Consequences of Kleptocracy

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NSTopinion: Both countries suffered under the kleptocrats, who were corrupt, implemented inefficient economic policies and used deceit to fill their pockets with illegal proceeds.

Both countries suffered under the kleptocrats, who were corrupt, implemented inefficient economic policies and used deceit to fill their pockets with illegal proceeds.

Part of the reason is that Malaysia has been plagued by a series of high-profile political corruption scandals. Therefore, kleptocracy is a form of political and government corruption where the government exists to increase the personal wealth and political power of its officials and the ruling class at the expense of the wider population.

The annual costs of international corruption amounted to a staggering US$3.6 trillion in the form of bribes and stolen money, said United Nations Secretary-General António Guterres. In order to prevent and combat kleptocracy, each country must have leaders with sincere and strong political will with effective anti-corruption agencies and strong support from the public.

 

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