Corruption has a considerable negative impact on development. Besides considerations associated with public ethics, corruption discourages private initiative and reduces available public resources, which in turn translates, for example, in less hospitals and poor education quality. Corruption also distorts the way governments use resources and undermines the public’s confidence in institutions.
Bribing, embezzlement, nepotism, and traffic of influence in decision-making processes are some of the typical manifestations of this form of bad government.
Law and Regulation
(Photo by Chico Ferreira, available under a Creative Commons license - CC-BY-2.0)
- small states
- Small and Medium Sized Entities
- The Croods
- CReCER conference
- Law and Regulation
- Financial Sector
- Latin America & Caribbean
- Virgin Islands, British
- Trinidad and Tobago
- St. Vincent and the Grenadines
- St. Lucia
- St. Kitts and Nevis
- Cayman Islands
- Bahamas, The
- Antigua and Barbuda
In stark contrast to a few years back, Latin Americans are deeply worried these days with a rising wave of crime and violence that is causing a huge loss of life and resources –and making people rethink the role of public and private sectors in fighting this scourge.
In debates across public fora and on social media platforms Latin Americans are more tolerant of the idea of private-public partnerships to fight crime.
What strikes me most as we engage further in citizen security issues in Latin America and the Caribbean is the level of interconnectivity that can be found at every possible level.
To begin with, of course, are the criminals themselves. Crucial to the success of organized criminal organizations is their ability to transcend borders and effectively integrate the very diverse and harmful facets of their enterprise. We also know how much the different forms of crime – drug traffickers, gun traffickers, youth gangs -- feed off one another. This is especially salient in Central America and Mexico, two of our team's priorities.