STUDY ON CORRUPTION AND ITS IMPACT ON PRIVATIZATION

This paper aims to realize a synthesis on defining corruption phenomenon, what causes it and also the impact it has on the economy. Based on the causes that generates corruption such as lack of social control and regulation, low credibility of state institutions, weak influence norms have on individuals, tolerance manifested in law enforcement, the involvement of civil servants in illicit activities, we notice an impact not positive exerted by corruption against the economy. To highlight this impact of corruption phenomenon in Romania we have considered relevant the privatization of The Company of Radio Parts and Semiconductors Bǎneasa Privatization which caused large damage to Romanian economy, both financially and socially.