accountA previous post on this website provided evidence on the extent of crime in Latin America (LAC) using data from Enterprise Surveys. Evidence revealed that losses due to crime borne by the firms and the expenses they incurred on security (as % of firms’ annual sales) equaled 2.7% per annum. This was more than what firms spent on R&D, reported levels of bribery and losses due to power outages....
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Reactions to A crime against business in Eastern Europe
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