The economy is skewed and economic outcomes are distorted. This kind of corruption should be uprooted on utilitarian grounds as well as on moral ones. Some corrupt collusions lead to the subversion of the flow of information within a society or an economic unit. Wrong information often leads to disastrous outcomes. Consider a medical doctor or a civil engineer who bribed their way into obtaining a professional diploma.
Human lives are at stake.
But the outcomes are lost lives. This kind of corruption, of course, is by far the most damaging. It is proof of the collapse of the social treaty, of social solidarity and of the fraying of the social fabric. No Western country accepts CEE diplomas without further accreditation, studies and examinations. Israel was forced to re-educate them prior to granting them a licence to practice locally.