Current crises are likely to make corruption worse Discover how corruption harms society, its global cost, and expert strategies to combat it—empowering individuals, protecting whistleblowers, and fostering integrity. Corruption isn’t just about people lining their pockets It has a very real impact on the lives of some of the world’s poorest people. The world economic forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas Traditional approaches to fighting corruption tend to focus on rules, compliance and enforcement
We need to rethink this to build societies with integrity. 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 public services, and rigid laws (huntington 1968. Article 12 of the convention against corruption directly addresses the importance of engaging the private sector in the fight against corruption
