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Being an Ethical Business in a Corrupt Environment

Being an Ethical Business in a Corrupt Environment

Most business leaders hesitate to take a firm stand against corruption, even in environments where it is widespread. Some may see benefits from indulging in corrupt practices such as faster processing of permits or less interference from governmental officials. At the same time, the perceived costs of corruption are low, due to poorly formulated anti-corruption laws and ineffective enforcement, which leads to a very low likelihood of prosecution and punishment.

Read the full article: hbr.org

     

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