Search results
Results from the WOW.Com Content Network
This Friday, International Anti-Corruption Day is a time to recognise that corruption is at the centre of many of the world’s most pressing problems. Economic, political, social, and environmental challenges can only be solved with good governance. The World Economic Forum’s Partnering Against Corruption Initiative (PACI) serves as the ...
Corruption is a global problem. It costs both money and lives. International collaboration is the only way to defeat it. Corruption takes many forms. It is often thought of as a problem that mostly affects developing countries. But while the harm it does is magnified in poorer nations, corruption does not concern itself with national boundaries ...
Corruption is considered a strong constraint on growth and development. The academic literature, however, finds different effects of corruption on economic performance. Some research considers corruption a ‘grease the wheels’ instrument. In this view, corruption helps to overcome cumbersome bureaucratic constraints, inefficient provision of ...
The corrupters. The corrupt. Impunity. Tolerance. Of these four elements, the last – tolerance – is the most difficult to target and eradicate. This is due to the fact that it cannot be codified and so few conventions actively address it. In many countries and communities, corruption is an established and accepted part of the culture, and a ...
A world free from corruption is critical to the strengthening of the rule of law, achieving the ends of justice and ensuring the advancement of core fundamental principles of a just society, including a fair state of play, integrity, transparency and objectivity in both the public and private sectors. But to be truly transformative, efforts to ...
1. Scale up the deployment of technologies. Technology has emerged as one of the greatest allies of transparency and a critical tool against corruption. Three technologies, in particular, stand out for delivering value for businesses and governments to safeguard the primary points of vulnerability: blockchain, big data analytics and artificial ...
8. Act globally and locally: Keep citizens engaged on corruption at local, national, international and global levels – in line with the scale and scope of corruption. Make use of the architecture that has been developed and the platforms that exist for engagement. 9. Build capacity for those who need it most: Countries that suffer from ...
The power of networks. The Partnering Against Corruption Initiative (PACI) is one of the cross-industry collaborations conducted by the World Economic Forum. For the last decade, we have sought to rebuild trust in both the supply and demand side—working with governments, business leaders, and civil society to promote transparency.
Corruption in public procurement is a major issue in many contexts, as the recent Odebrecht scandal highlighted. It has far-reaching consequences for the quality and availability of basic services, not only a negative impact on people’s daily life but also on the economy and the environment.
The framework, developed in partnership with the Forum’s Global Future Council on Transparency and Anti-Corruption, the UNOCD-World Bank StAR Initiative and leaders from the private sector, aims to unite a broad array of private sector professionals and serve as a mechanism for complementing, reinforcing, or enhancing existing regulatory ...