Can social entrepreneurs achieve community immunity against corruption?
By Michael Seo In the United States, we tend to think of corruption as the exception rather than the norm. However, in some of the most impoverished settings in frontier markets, the reality is different but so are the market dynamics as social entrepreneurship flourishes. So we ask, how can social entrepreneurs nudge markets toward transparency and integrity in contexts where ethical behaviour, transparency and governance are anomalies? The consequences of corruption are immense and indisputable. Inversely, so are the benefits of trustworthy systems. Research from the IMF, “The Cost of Corruption”, suggests that countries perceived to be less corrupt [...]