CORRUPTION IN BUSINESS TRANSACTIONS BETWEEN PUBLIC AND PRIVATE SECTOR Cover Image

KORUPCIJA U POSLOVNIM TRANSAKCIJAMA IZMEĐU JAVNOG I PRIVATNOG SEKTORA
CORRUPTION IN BUSINESS TRANSACTIONS BETWEEN PUBLIC AND PRIVATE SECTOR

Author(s): Vasko Stamevski
Subject(s): Economy, Law, Constitution, Jurisprudence, Business Economy / Management, Criminal Law, Financial Markets, Corruption - Transparency - Anti-Corruption, Commercial Law
Published by: Sveučilište/Univerzitet "VITEZ"
Keywords: corruption; public sector; private sector; public procurement; transparency;

Summary/Abstract: In the public and private sectors, can be indicated numerous problems and opportunities referring to various abuses, including: public spending of budget funds of state institutions (with a tendency of budget overflow through public-private partnerships or concessions in the private sector), budget spending (public procurement) in a transparent manner but with selectivity and various privileges. The public sector has an important role in the modern society. There are several important factors that affect its functioning, including a completely decentralized management of public assets. The centralized management system of public assets permits too high concentration of power among individuals, so authorized persons undertake the obligation on behalf of the institution. Also, the lack of relevant guarantees for the consistent implementation of operating procedures creates legal and factual uncertainty, not only for the citizens, but also for employees in the public administration. It is important to add that a numerous public administration institutions do not have a proper established system of risk assessment point, in terms of subjection to corruption, which directly affects the capacity and effectiveness of control mechanisms in preventing and detecting the corruption, which is a major handicap in their work.In the private sector there are areas in which the corruption preventive tools are poorly developed such as the insufficient information about the law on protection of competition, the capacity of the Commission for protection of competition law to implement the law, as well as the lack of transparency of sponsorship, behind which hides the possibility of corruption, abuses, public procurement, etc..

  • Issue Year: 2014
  • Issue No: 5
  • Page Range: 302-314
  • Page Count: 13
  • Language: Bosnian, Croatian, Serbian