Corruption and Collusion: Two Sides of the Same Coin Against Productivity
14th Latin American and Caribbean Competition Forum, Mexico City, Mexico, 12-13 April, 2016
16 Pages Posted: 28 Apr 2016
Date Written: March 30, 2016
Abstract
In a context of economic distress and limited financial resources, a zero tolerance for corruption as well the traditional competition principles should stand as pillars of the new development agenda. These key pillars may contribute to ensure that goods and services are procured under conditions that attract private sector investments. To uphold these pillars, there is ample opportunity to improve the co-operation existing between competition and anti-corruption authorities.
To bring attention to this concern, this submission delves into the relationship between corruption and bid-rigging in development projects, particularly in the Latin America and Caribbean regions. The analysis will reveal that there is a tangible need to search for stronger synergies amongst national and supranational anticorruption and competition authorities. The submission also explores the diverse co-operating mechanisms that could help to articulate this co-operation, and to bring closer the expertise of anticorruption and competition authorities for the benefit of the new development goals.
Keywords: Competition, Corruption, Competition Authorities, Procurement
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