Can corruption act as a barrier to entry in the private sector?

By: Talib uz Zaman, CIPE Pakistan Programme Officer, and Accountability Lab Pakistan Accountapreneur “Power doesn’t corrupt people, people corrupt power” - William Gaddis Corruption, defined as exploitation of entrusted power for private benefit is, unfortunately,  prevalent in Pakistan. It can take many forms, including bribery, graft, theft and extortion. In the corporate sector, its presence reduces business credibility when professionals misuse their positions for personal gain. Corruption has not only been identified as one of the most significant constraints to private sector development but is also becoming a leading problem for people all around the world. Engagement in corruption depends [...]