CLEAN : G20: OECD presents new code of practice against corruption

The video discusses the role of public sector and financial markets, highlighting John G.'s contribution to global standard setting. It emphasizes that no country is inherently more virtuous, but rather, some have better institutions and systems that prevent misconduct through the knowledge of potential sanctions.

What is the role of public sector and financial markets investors in global standard setting?

• They create new financial products.

• They set global standards.

• They invest in local businesses.

• They regulate local markets.

According to the video, what makes some countries appear more virtuous than others?

• Their geographical location.

• Their cultural values.

• Their economic wealth.

• The effectiveness of their institutions and systems.

What is the main reason that prevents temptation from taking over in some countries?

• Strict cultural norms.

• Geographical isolation.

• High economic status.

• Knowledge of potential sanctions.

How do effective systems contribute to global standard setting?

• By ensuring compliance through sanctions.

• By increasing economic growth.

• By promoting cultural exchange.

• By creating new laws.

What is the significance of sanctions in maintaining global standards?

• They encourage economic growth.

• They deter non-compliance.

• They promote cultural values.

• They increase market competition.