This document discusses types of corruption, including bribes, collusion, fraud, favoritism, grand corruption, and petty corruption. It notes that corruption occurs in various fields and provides reasons for its existence, such as fixed vote banks and corrupt teachers and officials. Data is presented showing Singapore, Hong Kong, and Japan as the least corrupt countries, while India, Philippines, Indonesia, Pakistan, and Bangladesh are the most corrupt. The effects of corruption are outlined as undermining democracy and rule of law, reducing political participation, and widening inequality. Steps to reduce corruption proposed include educating youth, sealing black money, punishing the corrupt, and eradicating poverty.