Corruption Extermination – The Rise of Central Banks in Fighting Corruption

Introduction Fraud (Singleton & Singleton, 2010) is defined as “The use of one’s occupation for personal gain through the deliberate misuse or theft of the employing organization’s resources or assets.” Fraud can be classified into three types, including fraudulent of financial statement, misappropriation of assets, and corruption. This article will discuss the corruption type of…

GDP is not valid anymore?

Gross domestic product (GDP) is “the monetary value of all the finished goods and services produced within a country’s borders in a specific time period” (Investopedia, 2016). The value of GDP is often used as an indicator of a country’s economic performance. It is measured annually (sometimes quarterly) to determine the expansion or growth of…