Skip to main content

To boost your economy, end corruption

Worldwide more than 1 trillion U.S. dollars are lost due to government corruption.
 That’s according to the World Bank, which reports that corrupt governments discourage foreign investment and reduce opportunities for their citizens.
 The report offers 10 ways to fight government corruption. While some are targeted to high-level officials, they can be adapted to smaller-scale situations. Which will you use?
1.Become informed. Read up on the many forms of corruption. It’s not just about bribes. Sometimes officials simply waste resources — that can diminish money that pays for government services for the poor.
2.Add the power of the people. Create pathways that give citizens tools to engage and participate in their governments.
3.Cut the red tape. Bring together formal (government) and informal (non-government) processes to change behavior and monitor progress.
4.Use the power of technology. Build dynamic exchanges among government officials, citizens, businesspeople, academics and members of the media and of civil society groups.
5.Deliver the goods. Invest in institutions and policy. Sustainable improvement in how a government delivers services is only possible if the people in these institutions endorse sensible rules and practices.
6.Get incentives right. Align anti-corruption measures with market, behavioral and social forces. Adopting integrity standards is a smart business decision.
7.Use sanctions. Punishing corruption is a vital component of any effective effort.
8.Act globally and locally. Keep citizens engaged on corruption at local, national, international and global levels — in line with the scale and scope of corruption.
9.Build capacity for those who need it most. Countries that suffer from chronic fragility, conflict and violence are often the ones that have the fewest internal resources to combat corruption.
10.Monitor and evaluate. Any good strategy must be continually evaluated to make sure it can be easily adapted as situations on the ground change. Keep track of lessons learned.

Source:https://yali.state.gov/boost-economy-end-corruption/

Comments

Post a Comment

Popular posts from this blog

Take care of yourself__"The first wealth is health".

By Strive Masiyiwa  A few weeks ago I went to the doctor. I will tell you what he said about my health at the end, but first read this: Twenty years ago, I arranged to meet a well-known British international businessman who invested a lot in Africa at the time. We agreed to meet for dinner at a leading hotel in London.  After a good meeting, we started to walk out of the restaurant when he suddenly collapsed in the lobby. There was total pandemonium as they rushed to get medical assistance. Being London, an ambulance arrived in minutes. I jumped in the back with him as paramedics wrestled to keep him alive. He had had a heart attack and had to have triple bypass heart surgery. Sadly he died a few weeks later. He hadn't been sick and his sudden death surprised everyone. And yet as I reflected on it, and later discussed it with a doctor friend who knew him, I realized he was very laid back about his health despite having a hectic business life. Even during our dinner...
Post a Comment
Read more

Freedom: The One Thing Gaddafi Could Not Give — And the One Thing No Government Can Take Away

For years, the collapse of Libya under Muammar Gaddafi puzzled many observers across Africa and the world. How could a country with high living standards, generous state programs, and a strong economy turn so swiftly against a leader who appeared to have delivered materially for his people? This question is not just about Libya. It speaks to a deeper truth about governance, legitimacy, and the limits of developmental authoritarianism. It speaks to Africa’s political future. And it speaks directly to the crossroads at which Kenya now finds itself. --- The Libyan Paradox: Prosperity Without Liberty Before the 2011 uprising, Libya’s economic and social indicators were strikingly strong for the region. Gaddafi’s Libya boasted: Free education Free healthcare Subsidized housing Cheap fuel High employment An extensive welfare system These were not myths. The United Nations Human Development Index (HDI) of 2010 ranked Libya 53rd in the world and first in Africa. Even today, that ranking stands...
Post a Comment
Read more