Michael Hershman, board member at the Center for International Private Enterprise and co-founder of Transparency International, explains the private sector's role in fighting corruption. In many countries with little regulatory capacity, businesses are better equipped than governments to tackle corruption. Furthermore, businesses recognize that corruption raises the costs and risks to their operations. By working with civil society and other private sector firms through collective action, businesses play a constructive role in anti-corruption efforts by refusing to give in to it.
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