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In a number of countries, pervasive corruption is a serious obstacle to economic development. Yet, in spite of significant corruption, several East Asian countries have enjoyed rapid and sustained rates of economic growth, with benefits spread widely across the population. Why has corruption undermined growth in some situations while having little economic effect in others? Do certain government structures lead to more corruption or to more corrosive forms of corruption? Do certain economic policies -- such as extensive government regulation and discretionary industrial policies or, on the other hand, open trade and investment regimes -- tend to foster or inhibit corruption?
This book examines the causes and consequences of corruption, with particular attention to its impact on economic and political development. It also explores the steps that nongovernment organizations, developing-country governments, multilateral development banks, multinational firms, and the home countries of these firms can take to combat corruption. It recommends that the members of the OECD continue to push for the criminalization of transnational bribery; that the World Bank and other multilateral and bilateral development agencies vigilantly guard against malfeasance and devote more resources to improving governance and reducing corruption; and that the members of the World Trade Organization negotiate an agreement to enhance transparency and provide due process in government procurement.
|1||The Globalization of Corruption||7|
|I||The Sources and Effects of Corruption|
|2||The Political Economy of Corruption||31|
|3||Public Officials, Private Interests, and Sustainable Democracy: When Politics and Corruption Meet||61|
|4||The Effects of Corruption on Growth, Investment, and Government Expenditure: A Cross-Country Analysis||83|
|II||Opportunities and Options for Reform|
|6||International Cooperation to Combat Corruption||119|
|7||The Importance of Leadership in Fighting Corruption in Uganda||133|
|8||Combatting International Corruption: The Role of the Business Community||147|
|III||Summary and Conclusions|
|10||Corruption as an International Policy Problem: Overview and Recommendations||175|
|A||US Policy on Corruption||237|
|B||Data Sources for Cross-Country Analysis of Corruption||241|