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)
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...