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Corruption is a massive barrier to both entry and successful operation of businesses. What can we do as enterprising, private sector citizens to help minimize this in our geographies?
Dear Rabea,
Corruption is a complex phenomenon. Its roots lie deep in bureaucratic and political institutions, and its effect on development varies with country conditions.
But we have to understand that while costs may vary and systemic corruption may coexist with strong economic performance, experience suggests that corruption is one of the most severe impediments to development and growth in emerging and transition economies.
What I beleive in that in order to fight the corruption in the regions; we have to put a new strategy to fix and improve all the:
Implementing effective and efficient reforms to improve governance and fight corruption is inherently difficult.
So we have to measure corruption!!!
Measuring corruption offers other benefits as well. It can help to establish priorities for reform by identifying activities and agencies where corruption is concentrated. It educates the public about the economic and social costs of corruption. And it establishes a baseline against which the successes and failures of reform can later be measured.
Regards,
Hany Sewilam AbdelHamid
Business Development Manager
Entrepreneurship Coach & Consultant
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twitter.com /HanySewilam