"Control of corruption is commonly treated as the responsibility of government. The presumption is that people, firms and corporations will be what they are. So if corruption flourishes in a country, it reflects a failure of government. Public outrage against corruption is understandable for corruption is among the biggest obstacles to economic development. At the same time, the solutions offered in popular discourses are often naïve.
"We argue here that there is scope for private firms and corporations to develop self-enforcing norms for controlling corruption, in somewhat the same way that people in private housing communities often develop mechanisms for keeping their public spaces clean."
Read the editorial by Kaushik Basu and Avinash Dixit, in The Times of India. http://blogs.timesofindia.indiatimes.com/toi-editorials/the-business-of-honesty-its-corporations-rather-than-government-that-can-really-help-fight-corruption/
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