Corruption:

May erode the legitimacy of a government.

Tends to boost economic growth because high a level of corruption helps get things done in a timely manner.

Is being combatted by the Sarbanes$-$Oxley Act, which outlaws bribery by U$.$S$.$ firms anywhere they do business.

May involve one facet known as bribery; legally, a bribe has the same definition every bere and does not vary by nationality.