Understanding Corruption and Governance

The video discusses the challenges of corruption in the global economy, highlighting the asymmetry between the large globalized economy and the limited capacity of traditional governments to govern effectively. The speaker shares personal experiences from the World Bank, illustrating systemic corruption's impact on economic policymaking and development projects. Efforts to combat corruption, including the role of civil society and international conventions, are explored. The video concludes with a call for improved governance and collaboration between civil society, governments, and the private sector.

What is one of the main reasons for failing governance according to the speaker?

• Lack of technology

• Cultural differences

• Asymmetry between global economy and government capacity

• Overpopulation

What was the main issue with the power project in Kenya?

• It had no economic benefits and harmed the environment

• It was too expensive

• It was technologically unfeasible

• It was opposed by local communities

How did the World Bank initially respond to the speaker's anti-corruption efforts?

• They supported the efforts

• They ignored the efforts

• They prohibited the efforts

• They funded the efforts

What was a significant barrier to stopping foreign bribery according to the speaker?

• Cultural acceptance of bribery

• Fear of losing contracts to competitors

• Lack of international cooperation

• Insufficient legal frameworks

What was the outcome of Transparency International's efforts?

• A decline in global trade

• Increased foreign bribery

• A new international trade agreement

• The OECD convention to criminalize foreign bribery

Why is the OECD convention significant?

• It promotes free trade

• It criminalizes foreign bribery

• It supports economic growth

• It encourages cultural exchange

What does the speaker suggest is necessary for civil society organizations?

• More funding

• More transparent and participatory governance

• Stronger political affiliations

• Increased membership

What is the 'magical triangle' mentioned by the speaker?

• The collaboration between civil society, government, and private sector

• The balance between economy, environment, and society

• The relationship between local, national, and international governance

• The interaction between technology, policy, and culture

What role does civil society play in combating corruption according to the speaker?

• It acts as a watchdog and advocate for change

• It replaces government functions

• It operates independently without collaboration

• It provides financial support to governments

What is a key factor in creating better governance according to the speaker?

• Increased government control

• Collaboration between civil society, government, and private sector

• Higher taxes

• More international treaties