Strategy Note / Global

Corruption: The ugly truth for EM and ESG investors

  • Corruption causes economic inefficiency, tax revenue loss, lower retention of and investment in all forms of capital
  • But link between corruption and low growth not easily provable, let alone link between corruption and investment returns
  • And often anti-corruption measures target opponents, cause paralysis more than positive reform (Pakistan an exception)
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a res...

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