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

The transcript 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 by ensuring sanctions. This knowledge of potential consequences helps maintain order and integrity.

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 manage public funds.

• They regulate local markets.

According to the transcript, what differentiates countries in terms of virtue?

• The wealth of the country.

• The natural resources available.

• The effectiveness of their institutions and systems.

• The size of their population.

Why do some countries prevent temptation more effectively than others?

• They have stricter laws.

• They have better weather conditions.

• They have a knowledge of potential sanctions.

• They have more natural resources.

What is the significance of sanctions in maintaining standards?

• They prevent temptation from taking over.

• They reduce government spending.

• They encourage economic growth.

• They increase international trade.

What is the main focus of the final section of the transcript?

• The creation of new global standards.

• The importance of sanctions and accountability.

• The comparison of different countries' virtues.

• The role of financial markets.