Corruption Hinders Public and Private Sector Productivity: OECD

OECD Recommendation on Public Integrity
OECD Recommendation on Public Integrity

The Organisation for Economic Cooperation and Development (OECD) – an intergovernmental economic organization – asserts that corruption hinders both public and private sector productivity.

Corruption perpetuates inequality and poverty, impacting well-being and the distribution of income and undermining opportunities to participate equally in social, economic, and political life.

OECD suggests that integrity is essential for building strong institutions and assures citizens that the government is working in their interest, not just for the select few.

[ Appropriate Legal System Needed to Combat Corruption: Ulla Tørnæs ]

Integrity is not just a moral issue, it is also about making economies more productive, public sectors more efficient, societies and economies more inclusive. It is about restoring trust, not just trust in government, but trust in public institutions, regulators, banks, and corporations.

Recommendation on Public Integrity
Recommendation on Public Integrity

In 2017, the OECD adopted a new Recommendation on Public Integrity, which provides policymakers with the blueprint for a public integrity strategy.

It shifts the focus from ad hoc integrity policies to a comprehensive, risk-based approach with an emphasis on cultivating a culture of integrity across the whole of society. It is built on 3 pillars: System, Culture, and Accountability.

Photo: OECD

Support Independent Fearless Journalism

In today's media world controlled by corporates and politicians, it is extremely difficult for independent editorial voices to survive. RMN News Service has been maintaining editorial freedom and offering objective content for the past over 7 years despite enormous pressures.

In order to serve you fearlessly in this cut-throat world, RMN News Service urges you to support us financially with your donations. You can choose the amount that you want to donate from the options given below. 

You also can select any of the Payment Methods:

Offline Donation: To know our bank details for online bank transfer and payment by cheque in Indian rupees.

PayPal: To make payment by Credit / Debit Card or PayPal account.

$
Select Payment Method
Personal Info

Donation Total: $10.00

RMN News

Rakesh Raman