The Use of Technology to Prevent Corruption

Corruption is an endemic and spreads in a mushroom spell. Technology is the panacea to curb this menace. Ramifications of corruption have a deeper impact on resources of the country by building up a parallel economy. Mixed economy as a choice allows both Public Sector and Private Sector to thrive and flourish together. A slogan that "improves the productivity of the internal debts to curb the external debt problem" is a formula to walk head erect in the international arena keeping sovereignty intact is nullified by the root cause of corruption. Corruption has a wider web to cover the terrorists on one hand and fellow citizens on the other hand. Money laundering deteriorated to a stage where technology has failed to detect the passage through which money reaches the anti-social elements of the society. The last straw to break through the camel's hump is to upgrade technology which helps keep surveillance on money related transactions. The pros and cons of the system are to be analyzed and suitable policy prescriptions are to be placed in the right place by using technology.