The impact of corruption on the economy

By ETCO
29/11/2013

Blog of journalist Frederico Vasconcelos, from Folha de S.Paulo, 28/07/13

BY Frederico Vasconcelos

The book will be released on 14/8 "Corruption - Obstacle to the Development of Brazil", a joint publication by the Brazilian Institute of Ethics in Competition (ETCO) and the publisher Elsevier (*).

In the work, journalist Oscar Pilagallo compiles the lectures given by ETCO in August 2012, in partnership with the newspaper “Valor Econômico”, about the impact of corruption on economic development.

According to the organizers, the news about corruption, more and more constant, causes disgust and revolt in the population, but its impact goes far beyond the headlines and generates a great and still little-known effect on the economy.

In a historical and prospective approach, corruption is treated in the book as an obstacle to development: it subtracts resources from public policies, causes distortions in the business environment and strengthens the culture of leniency with transgressions.

“We hope, with the publication of this book, to contribute concretely to the strengthening of this fight, to the improvement of our society and institutions in Brazil”, says Roberto Abdenur, executive president of ETCO, who signs the preface.

The launch of the book, with an autograph session, will be preceded by a debate with the participation of the author, former Supreme Court Justice Ellen Gracie, and ETCO's president and directors.

ETCO is a public interest civil society organization (OSCIP) founded in 2003 with the objective of identifying, discussing, proposing and supporting actions, practices and projects that result in a concrete improvement of the business environment in Brazil.

Oscar Pilagallo is the author of the books "História da Imprensa Paulista", "A Aventura do Dinheiro", "Direito e Economia" and "Tributo ao Mercado", among others.

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(*) Launch: 14/8, at 19 pm, at Livraria da Vila at Shopping JK Iguatemi, São Paulo.