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Lower Regulation of Economy May Reduce Corruption
Monday 17 May 2010 Zoom in | Print page
Bratislava, May 17 (TASR) - Less intense regulation of the economy could contribute to reductions in corruption, according to Marian Tupy from Washington's Cato Institute, speaking at a conference in Bratislava on Monday.
According to Tupy, regulation in Slovakia is higher than in countries of Western Europe. The combination of intense redistribution of regulatory powers and the high level of regulation allows bureaucrats to enrich themselves. "That's why the level of corruption in Slovakia is as high as it is," he said.
Commenting on the reason for excessive corruption in Slovakia, Tupy mentioned absence of well-designed rule of law, civil society, and independent, investigative media.
"Rule of law isn't something we can make, it's something that's evolving. Something that can't be installed by a law, and something toward which the nation has to mature," said Tupy, adding that it's not an easy process.
The international conference in Bratislava was organised by Trend weekly (Slovakia) and the Cato Institute (U.S.A.). Its aim was to create scope for broader discussion on social reforms, education, healthcare and judicial systems.
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