(Published in The Manila Times under the Managing for Society column, March 22, 2005) Foreign businessmen rank the Philippines as the second most corrupt country in Asia, according to a recent survey conducted by Political and Economic Risk Consultancy Ltd. (PERC), a Hong Kong-based consultancy group. Also, previous studies by the Asian Development Bank (ADB) and Transparency International have placed the Philippines among the most corrupt countries in terms of the magnitude of irregular payments, including bribery, in public contracts. The historical background as well as the ramifications of corruption in the country has been discussed extensively in print and television. There is no doubt that it stifles investment and economic growth in the country. Given the large amount of evidence about the corruption problem, why is the progress against it moving at a snail’s pace? An explanation is that corruption is pandemic—that it is culturally ingrained. A study in 2002 by the Philippines ...
This blog features a collection of my articles, essays, and research studies on business, management, and social issues and subjects published in local (Philippines) and international publications. It also includes selected speeches and talks to academic and professional audience. (The views and comments in this blog do not reflect those of my past, present, and future employers)