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June 2017
20 June
SPIEF Open Debate

TACKLING GLOBAL CORRUPTION AND BRINGING TRANSPARENCY TO MARKETS

18:00-19:15 Pavilion 4, Conference Hall 4.2
Endemic corruption and opacity in markets are preventing investment and retarding global growth. What practical, concrete measures should be taken to address these issues? How can greater public–private coordination on an international basis reduce corruption and improve the business environment?
Please post your thoughts on the open debate to SPIEF2013OD@gmail.com or on Twitter SPIEF2013OD
Moderator:
Stephen Sedgwick, Anchor, CNBC
Panellists:
Sergey Belyakov, Deputy Minister for Economic Development of the Russian Federation
Georg Kell, Executive Director, United Nations Global Compact
Boris Titov, Presidential Commissioner for Entrepreneurs’ Rights
Front row participant:
Elena Nikolaeva, First Deputy Chairman of the Committee on Housing Policy and Utilities Services, State Duma of the Russian Federation

Highlights

It has to be said: there are rules of the game, and they’re the same for everyone. If someone doesn’t follow them, there’ll be a reaction from the government.

Sergey Belyakov
Deputy Minister for Economic Development of the Russian Federation

The practice which is being established in Russia makes me personally feel optimistic. On one hand, it might seem that we’re still a long way from achieving our goal. But on the other hand, we’ve admitted that this is a disease, that we’re suffering from it; and it’s simply impossible to treat this disease without declaring that fact.

Sergey Belyakov
Deputy Minister for Economic Development of the Russian Federation

Competition and business success must be based on predictability and low transaction costs. Corruption, simply speaking, is a high transaction cost, it doesn’t add value, it takes away value; it eats up value.

Georg Kell
Executive Director, United Nations Global Compact

The anticorruption support is growing worldwide and that’s basically very good news.

Georg Kell
Executive Director, United Nations Global Compact

I want to compare corruption with cancer. When corruption is at a low level in an economy, it doesn’t even really seem to interfere with the body, but the bigger the tumour gets, the more it devours the economy itself and the less competitive the economy becomes.

Elena Nikolaeva
First Deputy Chairman of the Committee on Housing Policy and Utilities Services, State Duma of the Russian Federation

A serious step has been taken to foster an uncompromising attitude towards corruption. Corruption has already become somewhat shameful rather than being the current state of the social system.

Boris Titov
Presidential Commissioner for Entrepreneurs’ Rights

If we have competition and if we have a lot of sectors of entrepreneurship, it would truly be a powerful social group. In this way we will create a strong class of owners in the country and corruption will disappear on its own.

Boris Titov
Presidential Commissioner for Entrepreneurs’ Rights

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