We’ve known for a long time that corruption hurts markets and strangles enterprise. A new book by social entrepreneur Sarah Chayes provides evidence that corruption is even worse, and more dangerous, than we thought.
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Corruption is a problem for global business—and it’s twice the problem for impact investing because it strikes simultaneously at both of impact’s stated aims: profit and benefit. In this article we look at how corruption hurts the development of new kinds of social investing and show how the impact community can help fight the tide of dirty money and illegal dealing that’s slowing down our progress.
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