THE ROLE OF INTERNATIONAL ORGANIZATIONS IN STRENGTHENING ANTI-CORRUPTION POLICY AND ECONOMIC SECURITY

Keywords: corruption, economic security, international organizations, OECD, United Nations, World Bank, anti-corruption policies, Transparency International, bribery, global standards

Abstract

This article examines the role of international organizations in strengthening anti-corruption policies. Organizations such as the United Nations (UN), the Organization for Economic Co-operation and Development (OECD), the World Bank, and Transparency International play pivotal roles in developing global standards, monitoring their implementation, and providing technical and financial assistance to member states. A notable example of successful efforts is the OECD's Convention on Combating Bribery of Foreign Public Officials, adopted in 1997, which mandates member countries to criminalize bribery of foreign officials and implement preventative measures. The World Bank's projects aimed at enhancing governance and the rule of law are also highlighted, as they contribute to increased transparency and accountability of public institutions, directly impacting corruption levels. Transparency International influences public opinion and policy through its annual Corruption Perceptions Index, which assesses the level of corruption in various countries and serves as a crucial tool for analyzing the effectiveness of anti-corruption measures. However, significant challenges remain, particularly the need to adapt international standards to national conditions. Countries with varying levels of economic development and political culture face difficulties in implementing uniform anti-corruption standards. Additionally, the lack of coordination between different international organizations and countries reduces the effectiveness of the measures taken. The article underscores the necessity of a comprehensive approach and the collaboration of various stakeholders to effectively combat corruption and ensure economic security. Strengthening institutional environments, enhancing regulatory oversight, implementing modern technologies, improving financial literacy, and fostering international cooperation are critical steps toward reducing corruption levels. Furthermore, improving the coordination and interaction between international organizations and national governments is essential to avoid duplication of efforts and increase the coherence of the measures implemented. In conclusion, international organizations play a crucial role in the fight against corruption and the enhancement of economic security. Despite the considerable progress made, ongoing efforts are needed to address unresolved issues and improve the effectiveness of anti-corruption policies. A holistic and coordinated approach involving multiple actors is vital for achieving significant results in combating corruption and ensuring economic stability.

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Published
2024-05-27
How to Cite
Khavanov, A. (2024). THE ROLE OF INTERNATIONAL ORGANIZATIONS IN STRENGTHENING ANTI-CORRUPTION POLICY AND ECONOMIC SECURITY. Digital Есопоmу and Economic Security, (3 (12), 111-114. https://doi.org/10.32782/dees.12-20