The Energy Sector in the MENA: The Fight Against High Corruption Risks
Article from: OGEL 3 (2017), in Middle East, Buy Back Contracts
Introduction
Corruption has a long-term corrosive impact on economic growth, equality and the quality of a country's governance and institutional setting. It also affects equitable distribution of resources across populations, allowing income inequalities to increase and the effectiveness of social welfare programmes to be undermined; therefore "resulting in lower levels of human development." With such a deteriorating impact on economic growth and the significant development in the anti-corruption legislation, corruption has become an increasing issue for companies. This ...