Corruption and the Global Economy / Edition 1

Corruption and the Global Economy / Edition 1

by Kimberly Ann (Ed.) Ann Elliott, Kimberly Ann Elliott
     
 

Corruption afflicts both developing and developed countries, as evidenced by recent scandals in Mexico, Ecuador, Korea, Japan, Italy, Russia, the United States, and elsewhere. Bribery often undermines political legitimacy, squanders government revenues, and distorts international trade and investment flows. Where it is pervasive, corruption can deter investment,… See more details below

Overview

Corruption afflicts both developing and developed countries, as evidenced by recent scandals in Mexico, Ecuador, Korea, Japan, Italy, Russia, the United States, and elsewhere. Bribery often undermines political legitimacy, squanders government revenues, and distorts international trade and investment flows. Where it is pervasive, corruption can deter investment, thereby lowering growth.

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.

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Product Details

ISBN-13:
9780881322330
Publisher:
Peterson Institute for International Economics
Publication date:
05/01/1997
Edition description:
New Edition
Pages:
244
Product dimensions:
5.90(w) x 8.90(h) x 0.60(d)

Related Subjects

Table of Contents

Prefacevii
Acknowledgmentsxi
Introduction1
1The Globalization of Corruption7
IThe Sources and Effects of Corruption
2The Political Economy of Corruption31
3Public Officials, Private Interests, and Sustainable Democracy: When Politics and Corruption Meet61
4The Effects of Corruption on Growth, Investment, and Government Expenditure: A Cross-Country Analysis83
5Comments109
IIOpportunities and Options for Reform
6International Cooperation to Combat Corruption119
7The Importance of Leadership in Fighting Corruption in Uganda133
8Combatting International Corruption: The Role of the Business Community147
9Comments163
Vito Tanzi163
Jules Kroll169
IIISummary and Conclusions
10Corruption as an International Policy Problem: Overview and Recommendations175
Appendices
AUS Policy on Corruption237
BData Sources for Cross-Country Analysis of Corruption241

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