Corruption, economic development and goveranance: public & private sector perspectives

This paper examines aspects of corruption, economic development and corporate governance in public and private sector. Corruption and governance have come to the fore in contemporary discussions of reform in developing countries. The effect of corruption has seriously constrained development of the national economy and has significantly inhibited good governance in the country. Complex political design is a contributing factor to the rise of corruption, which has adversely affected stability and trust and which has damaged the ethos of democratic values and principles. The findings presented here indicate that countries in which governments have forged close and cooperative working relationships with the private sector had much greater economic success. Furthermore, countries with more business-friendly public-private sector relationships tend to exhibit greater positive responsiveness to pro-growth policy reforms. Major problems are: insufficient coordination of anti-corruption work within the public service and among the various sectors of society; poor information about corruption and the impact of anti-corruption measures and agencies; and the impact of corruption on good governance. This paper is a part of a broader study undertaken on corruption. It addresses issues related to corruption and good governance in Public–private Service. To articulate and analyze the challenges confronting the country, issues regarding coordination of anti-corruption agencies will be explored.