The private sector plays a pivotal role in fighting corruption worldwide. Transparency International's Global Corruption Report 2009 documents in unique detail the many corruption risks for businesses, ranging from small entrepreneurs in Sub-Saharan Africa to multinationals from Europe and North America. More than 75 experts examine the scale, scope and devastating consequences of a wide range of corruption issues, including bribery and policy capture, corporate fraud, cartels, corruption in supply chains and transnational transactions, emerging challenges for carbon trading markets, sovereign wealth funds and growing economic centres, such as Brazil, China and India. The Report also discusses the most promising tools to tackle corruption in business, identifies pressing areas for reform and outlines how companies, governments, investors, consumers and other stakeholders can contribute to raising corporate integrity and meeting the challenges that corruption poses to sustainable economic growth and development.
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Essential reading for businesspeople, policy-makers, civil society, and scholars in law, business, political science and development interested in how corruption risks in the private sector affect businesses, markets and society worldwide, what new challenges lie ahead, and what best practices and most promising tools are available as remedies.
'For many years the GCR has performed an invaluable service in both benchmarking the standard of business and government practice ... and in assessing the costs of corruption. ... The 2009 edition carries on that tradition, and takes it forward in a challenging way, highlighting specific ways in which businesses can improve their performance and strengthen their own protections against corruption. ... The GCR deserves a very wide audience in both the private and public sectors, in developing and developed countries alike. There is nothing which holds back balanced and socially beneficial development more than corrupt business practices, and TI is in the forefront of the fight to root them out.' Sir Howard Davies, Director, London School of Economics and former Chairman of the Financial Services Authority, United Kingdom
'Corruption is one the factors that holds back many countries trying to achieve higher levels of prosperity; this is one of the recurring results from our analysis of competitiveness across more than 140 countries in the Global Competitiveness Report. Progress in rolling back corruption and exposing the huge costs it has on societies and business can only be achieved through reliable data on the reality of corruption across many countries. The Global Corruption Report is an indispensable source of such data - it is required reading for researchers and political leaders alike.' Michael E. Porter, Bishop William Lawrence University Professor, Harvard University, and Director of the Institute for Strategy and Competitiveness at Harvard
'Corruption by business undercuts economic growth and can undermine government institutions, political systems and citizens' trust in markets and democracy. ... Transparency International's Global Corruption Report 2009 on the private sector persuasively argues that corporate integrity must be bolstered, and correctly points out that business as usual is no longer an option. This could not be more timely today.' Daniel Kaufmann, Senior Fellow at the Brookings Institution, former Director, World Bank Institute
'There is a strong business case as well as a strong moral case for companies not to engage in corruption. Transparency International's Global Corruption Report 2009 shows business leaders how to bullet-proof their companies against the commercial and ethical risks of bribery, fraud and corruption. It is a valuable resource for any company that wants to do business with integrity.' John Russell, Managing Editor of Ethical Corporation
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