Audio: Combating Corruption: Strategies for Ending a Tax on Private-sector Growth

  • Jan 21, 2014
    Duration: 01:54:55

    Download Audio (Right-Click and Save)

     Combating Corruption: Strategies for Ending a Tax on Private-sector Growth 

    Opening Remarks:

    Roderick Hills
    Chairman and Co-Founder, Hills Program on Governance

    Panel Discussion:

    Michael Gadbaw
    Former Vice President and Senior Counsel, General Electric

    Pamela Passman
    President and CEO, Center for Responsible Enterprise and Trade

    Michael Hershman
    Co-Founder, Transparency International and President and CEO, Fairfax Group

    Rolf Alter
    Director, Public Governance and Territorial Development Directorate

    Moderated by:

    Daniel F. Runde
    Director, Project on Prosperity and Development and William A. Schreyer Chair in Global Analysis, CSIS

    Watch the launch of a new paper by CSIS' Project on Prosperity and Development entitled Combating Corruption: Strategies for Ending a Tax on Private Sector Growth.  The event featured a panel discussion on the role of the private sector in managing corruption. It explored ways that private sectors can work with governments to reduce the opportunity costs associated with corruption. The paper estimates that even a very narrow definition of private sector corruption in 105 developing countries is over $500 billion, 3.7 times the amount of official development assistance in 2011. However, this value is only a starting point. Estimates of the size of corruption miss the secondary effects on society, incomes, businesses, and the general macro and micro investment climate.  Recognizing that corruption is a supply and demand side problem, the paper posits that it must be addressed through collective, multi-sector action. The conference focused on the way forward for private sector, government, and multilateral organizations on this front.