‘Carrots’ for Countering Corruption in Emerging Markets
Richard Bistrong CEO Front-Line Anti-Bribery LLC interviewed CIPE’s Frank Brown Value Chain and Anti-Corruption Program Team Leader in a two part series. In the first interview, Bistrong and Brown discuss incentives or ‘carrots’ for small and mid-sized enterprises to take action even in environments with pervasive corruption practices. Incentives for addressing corruption include creating sustainable businesses, and attracting multi-national organizations. How can we utilize a ‘carrots over sticks’ approach, to create incentives for small to medium size businesses in emerging markets to embrace ethical and compliant business practices? How can we get smaller enterprises in frontier markets beyond a ‘box checking’ mentality by making anti-bribery compliance a ‘selling point’ ?