Monday, January 27, 2014

How can we fight the scourge of corruption?


It was his struggle against corruption-influenced rule that made Nelson Mandela stand up and speak up against oppression, injustice and neglect of the poor. With the passing of giants like Mandela, we cannot help but reflect upon who we are as a global society and be inspired to improve our world. Having lost the man who embodied the best of human nature, we need to muster the perseverance to take on one of the greatest challenges in our lifetime: corruption.

The urgency of the matter

Four billion people are stuck in poverty or are on the verge of falling into poverty. At present, 10% of the world’s population owns 85% of the wealth. Inequality, joblessness and climate change are major threats to society, aided and abetted by corruption. Resource-rich countries plagued by corruption are squandering their best opportunity to lift their people out of poverty. Roughly half of low-income countries are fragile or conflict-affected, and 2.5 billion people still do not have access to formal financial services. While net private capital flows are about $1 trillion per year, unfortunately, so are the estimated overall costs of corruption.

See full Press Release: http://forumblog.org/2014/01/corruption-public-enemy-number-one-2/