The problem in some cases is the abuse of weak democracies, the exploitation by leaders of those parts of the system which aren't really democratic or strong.
More Quotes from Robert Broadfoot:
It's not what corruption costs in terms of bribes paid or money taken out of the country. It is really the opportunity cost that hurts the country the most in terms of lost infrastructure and investment. Many of our clients, major international companies, just won't come into the country because they do not trust the rules of the game. That's the real cost. Some people have just written the place off.Robert Broadfoot
It really hasn't improved much in 20 years.
Robert Broadfoot
Whatever they achieve, the word that's going to be used will be cooperation, coordination.
Robert Broadfoot
I'm surprised cases like China Aviation Oil and this one don't happen more often. There are a lot of gray areas among Chinese agencies on who's responsible for what. It's a faulty system.
Robert Broadfoot
If you think Hong Kong's expensive today, wait 'til you see it five years from now. We'll call Tokyo Macy's bargain basement. It is going to be an extremely expensive city. The pressure's going to be on companies always to define what value-added role does Hong Kong have.
Robert Broadfoot
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