Causes of corruption in Ukraine and its effects on business

Abstract

This paper is devoted to disclosure of causes of corruption in Ukraine and its effects on business. The key causes of corruption are: poverty, Soviet heritage, Ukrainian mentality, convenience of corruption, sabotage of anticorruption reforms by officials. Key corruption outcomes are decrease in amounts and efficiency of public and private investments, decreasing the quality of governance, decreasing the productivity of business and sophistication of managerial technologies, decrease in customer demand, and numerous social effects.