Corporate corruption in some rich countries, much bigger than Philippine GDP, national budget


Corporate corruption means the act of stealing money from private businesses. It includes white-collar crimes such as fraud, bribery, fraudulent investment operation, insider trading, embezzlement, computer crime, copyright violation, money laundering, identity theft, and forgery.1 In 2011, the Philippines had a gross domestic product or GDP of PhP10 trillion (US$216.1 billion)2 and a national budget […]