NEGATIVE EFFECTS OF CORRUPTION OFFENSES FOR THE COUNTRY'S ECONOMY

The basic notions of "corruption" and "corruption offense" and their relationship are considered. Statistical data concerning the Corruption Perceptions Index in 166 countries is analyzed. Its relationship with the development of the economic sector is also taken into consideration. The main consequences of corruption offenses for the country's economy are determined. Cause-effect relationships have been identified between the Corruption Perceptions Index, GDP per capita and the Human Development Index (HDI) based on panel data from 166 countries in 2018. Human capital and poverty are prerequisites for corruption, which is a significant contribution to the scientific literature on the preconditions and causes of corruption offenses. The impact of corruption offenses on the country's economy at the macro and micro levels is considered. It is established that it is necessary to ensure the development of human capital, political stability, institutional independence, the development of partnership between the state and society in order to minimize corruption offenses