Corruption
It is common knowledge that many of the developing countries have legal systems are overburdened, over regulated, and corrupt. For example, India ranked 70th on Transparency International's Corruption Perception Index (about halfway).
Wharton Business School offers a special online portal called The C2 Principles. This is a framework promoted by Caux Round Table to reduce global corruption. A good summary is on the website at http://www.c2principles.org/
We've been told corruption and poor governance are bad for business. The World Bank, IMF and countless economists have singled them out as the biggest problems holding back developing country growth. Yet all these counties with corrupt political systems continue to grow, outpacing US and EU. Why is this contradiction?
Wharton Business School offers a special online portal called The C2 Principles. This is a framework promoted by Caux Round Table to reduce global corruption. A good summary is on the website at http://www.c2principles.org/
We've been told corruption and poor governance are bad for business. The World Bank, IMF and countless economists have singled them out as the biggest problems holding back developing country growth. Yet all these counties with corrupt political systems continue to grow, outpacing US and EU. Why is this contradiction?
posted by Robert at 6:03 AM
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