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The background literature survey points to the fact that the degree of corruption is a function of multiple factors of a society. Thus, it is imperative to take a more comprehensive and cross‐disciplinary approach to understand the complete picture of corruption. The research findings indicate economic freedom, socio‐political stability, tradition of law abidance and national cultures are the major variables that dictate the degree of corruption. This study expands the existing knowledge about the determinants of corruption and provides incremental information to help the policy makers fight against this cancerous social disease.

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