How do you convince skeptical anti-corruption activists that business can be part of the solution? How do you better coordinate anti-corruption efforts between governments, aid organizations, development banks, and the private sector? How do you establish a useful set of indicators for measuring the impact of programs seeking to reduce corrupt practices? These challenges were… Read More
Corruption is a systemic problem that plagues many transitional countries across the world, rooted in weak rule of law and lack of private property rights. Not only does corruption erode trust in public institutions, such practices also hinder economic growth and weaken democratic governance. The corruption challenge can be addressed by building responsive institutions that offer… Read More
Without a strong compliance program, many smaller Russian firms could be locked out of lucrative contracts with big multinationals. By Henry Nelson In countries with weak rule of law, anti-corruption efforts suffer from a collective action problem: because bribery and corruption are endemic and occur frequently, individual small business owners hesitate to reform because they… Read More
Corruption is a direct threat to a country’s democratic emergence and an obstacle to a country’s democratic development. In Thailand, for example, corruption was the stated justification for the military’s ousting of an elected government in 2006 and the Supreme Court’s sacking of another elected government in 2008. Competing allegations of corruption were the main drivers… Read More
There is a growing interest in what the private sector can do to fight corruption. In part, it is driven by the increased enforcement of the Foreign Corrupt Practices Act (FCPA) and the new UK anti-bribery laws. They are leading companies to strengthen their compliance programs, important in their own right. Yet, as the experience… Read More