Partnering Against Corruption Initiative | World Economic Forum Partnering Against Corruption Initiative Founded in 2004 by Chief Executive Officers from World Economic Forum partner companies, the Partnering Against Corruption Initiative (PACI) is committed to embedding trust and integrity into corporate strategy The Initiative is the leading voice for anti-corruption and transparency in the private sector
How does corruption affect economic growth? - The World Economic Forum 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
Fighting corruption is key to addressing the worlds most pressing . . . Corruption is at the centre of many of the world's most pressing problems Current crises are likely to make corruption worse This year's Anti-Corruption Day should highlight how anti-corruption efforts can make crisis management more effective
Four myths about corruption | World Economic Forum Corruption is sometimes portrayed as a “cancer” in society The use of this terminology indicates that this is a social ill that starts at some place in the body and then spreads as it infects ever more cells If this metaphor has any value, it is important to find the right location of the corruption problem in the “societal body”
How corruption harms society and ways to combat it Discover how corruption harms society, its global cost, and expert strategies to combat it—empowering individuals, protecting whistleblowers, and fostering integrity
Has globalization made corruption worse? - The World Economic Forum The fraud and corruption schemes uncovered by investigators at the World Bank are linked to many other global challenges Last year, more than 60% of the complaints we received relating to projects in fragile and conflict-affected situations involved corruption and embezzlement
How can we use technology to fight corruption? In December of 2014 the World Bank hosted the 3rd Biennial International Corruption Hunters’ Alliance meeting focused on fighting corruption – and the vast illicit outflows generated by corruption – to share know-how and experiences in the use of both traditional and alternative corruption fighting approaches
The 4 pillars of corruption, and how to topple them The Forum’s Partnering Against Corruption Initiative, a partnership of more than 100 companies, is a strong example of private-sector involvement, and is currently one of the leading global business voices on anti-corruption and transparency