Combating corruption in business transactions — a priority for governments,

Corruption increases the cost of doing business. In addition to its social costs, it has an adverse impact on a country’s business and investment climate. The need to fight corruption is universally acknowledged, and many governments have put comprehensive legal systems in place to do so. However, enforcement remains inadequate, with some notable exceptions. This could soon change, as governments in Asia and the Pacific increasingly understand the importance of fighting corruption to foster economic prosperity.