Título del Paper: Corruption Perception and Best Practices on Corruption Prevention and Remedy in Latin America
Autores: Konstantina Tzini y Luis Emilio Cuenca Botey, INCAE Business School
According to the corruption perception index of Transparency International (Transparency
International, 2018), Latin America is one of the most corrupt regions in the world. This situation
is extremely serious considering the economic and social costs associated with this scourge.
Multiple studies have shown that corruption is harmful for economic growth, political
development and social progress (Bayley, 1966; Mauro, 1997; Kaufmann, 2000). In addition, it
has an important cost for companies and there are initiatives to reduce its presence in the corporate
world (OECD, 2013). For example, according to the Association of Certified Fraud Examiners, in
2018, the median loss associated with cases of corruption reached $193,000 in Latin America
(2018).
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